Tavern Prestwick
3/5 The Cross, Prestwick, KA9 1AJAgreement Type:
Foundation Tenancy
View details for Tavern Prestwick
Neidpath Inn Peebles
Neidpath Inn Peebles
27-29, Old Town, Peebles, EH45 8JF Pub Code: 2302147101
Pub Code: 2302147101
Foundation TenancyEst Min Ingoing Costs: £49,699
Annual Rent: £44,797
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.
Great Potential!
This is a pub with incredible potential, all we’re missing is the right person to take it forward. So, could that be you?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Neidpath will have extensive experience in hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
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 flexibility brought by extra space, both inside and out.
Private Accommodation
There is no private accomodation available.
Estimated Total Ingoing Costs
£49,699
Estimated Minimum Ingoing Costs
£49,699
Annual Rent
£44,797
Estimated Annual Turnover
£526,287
Deposit
£11,199
Estimated Fixtures & Fittings Value
£28,000
Estimated Stock Valuation
£7,000
Estimated Working Capital
£3,500
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.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
27-29, Old Town, Peebles, EH45 8JF
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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