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

Neidpath Inn Peebles

Multiple Income Stream business.

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. Located at the edge of the town centre, The Neidpath occupies an area of high footfall being surrounded by a mix of residential housing and shops.

Already a community pub, this opportunity allows the lessee to capitalise on the extensive refurbishment to expand the existing customer base. Peebles is a historically significant town in Scotland, this refurbishment offers a great opportunity for the pub to become a premium destination for locals and tourists alike.

Great Potential!

With a brand new kitchen, the pub will be able to offer premium and contemporary food to enhance its cosy and welcoming nature. The pub also has six bedrooms on offer to passing tourists, whilst the upgraded pub décor will create a welcoming atmosphere for customers of all ages to eat or have a casual drink, giving the business multiple income streams.

This is a pub with incredible potential, all we're missing is the right person to take it forward. So, could that be you?

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.

Extensive Refurbishment Planned - An exciting refurbishment will transform The Neidpath into a premium, country-style pub with a modern finish. An updated interior, improved beer garden and upgraded kitchen will make The Neidpath an exceptional community pub offering something to locals that can usually only be found in larger cities.

Externally, there will be a beautiful new extension to the beer garden, perfect for the warmer months.

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) £
6,108

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