Old Oak Inn Rutherglen
157 Calderwood Road, Glasgow G73 3SU
Old Oak Inn Rutherglen
The Old Oak Inn, Rutherglen is currently a popular community pub with a packed events calendar and live sports following.
The pub is situated on Calderwood Road with easy access to nearby Cambuslang and Glasgow and is well supported but could also attract customers from further afield.
The planned refurbishment would aim to increase the cellar space and kitchen to enable the food offering to be extended.
Experienced Community Operator with a flair for food wanted.
Can you join with Star Pubs and help this great pub reach it's full potential?
Pub Features
Trading Area & Facilities
The decor needs to be refreshed and there is a transformational refurbishment planned for the site. The kitchen is currently small and this is reflected in the menu, however, once the kitchen is extended we would expect a more extensive casual dining offer to be introduced.
Externally the Old Oak is set slightly back from the road and boasts both a Car Park and an Outside Trading Area. New signage and lighting will be included as part of the planned refurbishment.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process and where investment is provided by Star Pubs & Bars this negates the option to rent Fixtures & Fittings.
Private Accommodation
Premises Licence Details
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
| 11:00 - 23:30 | 11:00 - 23:30 | 11:00 - 23:30 | 11:00 - 23:30 | 11:00 - 00:00 | 11:00 - 00:00 | 12:30 - 23:30 |
Financials
| Annual Rent | £ 53,000 |
| Estimated Annual FMOP (Licensee Profit) | £ 55,425 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 679,001 |
| Estimated Annual Barrelage | 355 |
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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 |
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Investment
| Ingoing Costs | |
| Estimated Licensee Fixtures & Fittings Value | £ 20,000 |
| Estimated Fixtures & Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 7,000 |
| Deposit Amount | £ 13,250 |
| Rent In Advance | £ 1,019 |
| Training Fee | £ 1,000 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 295 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 43,569 |
| Estimated Minimum Ingoing Costs | £ 43,569 |
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In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. |
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| Other SP&B Ongoing Charges | |
| Estimated Annual Buildings Insurance | £ 1,219 |
| Estimated Annual Maintenance Compliance Charge | £ 1,463 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) | £ 6,108 |
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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 |
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