Neidpath Inn Peebles

27-29 Old Town, Peebles, Peebles EH45 8JF

  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles
  • Neidpath Inn Peebles

Neidpath Inn Peebles

The Neidpath Inn sits in a prominent position on the main A72 road through Peebles in the Scottish Borders. Close to the river Tweed and around 30 miles south of Edinburgh, the Inn is surrounded my residential properties and Peebles hosts many festivals during the year and is near the Glentress Forest tourist attraction and the mountain biking centre. With a traditional bar and kitchen and restaurant catering for circa 50 covers, The Neidpath is popular with locals and tourist. The five letting rooms add a further income stream and the conservatory and beer garden give flexibilty throughout the year. Experience Food & Letting Operator wanted! Immerse yourself in to the Borders lifestyle and provide a welcome for local people and visitors to this destination pub & restaurant.

Please note: Figures quoted are for Post Refurbishment and not for the pub as it is now.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Refurbishment Planned
  • Outdoor Trade
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Neidpath Inn is a traditional pub with separate areas for the bar and restaurant and five en suite letting rooms. The public bar can cater for sports while the restaurant and kitchen can easily provide good quality home cooked food for circa 50 covers. The conservatory and beer garden increase the pubs footprint and gives the flexibilty brought by extra space, both inside and out.

The pubs decor and atmosphere lends itself to a craft ale offer alongside the much loved major brands. The location and well appointed letting rooms will help keep the Neidpath busy all year.

Private Accommodation

There is no private accomodation available.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

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

Financials

Annual Rent £
50,000
Estimated Annual FMOP (Licensee Profit) £
52,744
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
649,562
Estimated Annual Barrelage
266

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
12,500
Rent In Advance £
962
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
55,647
Estimated Minimum Ingoing Costs £
20,519

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased