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McNeill's Stornoway

13, Cromwell Street, Stornoway, HS1 2DA

Pub Code: 2302971101

Key Features

  • Great Location
  • Community Local
  • Free of tie on spirits & wines
  • Live Music

Est Min Ingoing Costs: £11,417

Annual Rent: £36,000

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More Information

McNeill's is a well established pub right in Stornoway's town centre.  The pub is just a short walk from the ferry port and is popular with locals and tourist.

The pub is a one room operation with no food so although it is relatively simple to run, it does require a big personality to bring the pub to life.

Come and be right at the heart of this great community!

  • Music Venue

  • Cask Ale

  • LongTerm FRI Lease

Trading Area & Facilities

McNeill's is well presented one room pub with a central bar.

There is a mixture of fixed and loose seating and great features including a real log fire.

Private Accommodation

There is no private accommodation at this pub.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
01:00
11:00 -
01:00
11:00 -
01:00
11:00 -
01:00
11:00 -
01:00
11:00 -
01:00
12:30 -
23:30

Annual Rent £
36,000
Estimated Tenants Annual Operating Profit £
37,086
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
455,740
Estimated Annual Barrelage
217
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
9,230
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
9,000
Rent in Advance £
692
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
26,647
Estimated Minimum Ingoing Costs £
11,417
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.

A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,266
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4908
Estimated Annual Repairs Fund £
1300
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

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