Park Bar Glasgow
442 Paisley Road West, Glasgow G51 1BE
Park Bar Glasgow
The Park Bar is situated on the high street of Ibrox. It is one of the closest pubs to the Ibrox Stadium, home to Rangers FC. The Pub is also surrounded by residential housing and other amenities and is well connected by public transport. All of this means that The Park Bar will benefit from a steady footfall, as well as being able to capitalise on increased trade when Rangers play at home.
Great Potential!
Currently, The Park Bar operates as a wet-led outlet. A complete refurbishment and the new kitchen will transform The Park Bar into a welcoming bar, where customers can enjoy delicious pub meals and bar snacks, as well as a great range of drinks. This combination will allow the pub to trade more during the day, as well as on weekends and match days.
Pub Features
Trading Area & Facilities
The Park Bar will be a stylish pub with a unique finish and bespoke artwork. The pub will offer a great drinks selection and pub food menu in a friendly atmosphere with a games corner, where customers will love to socialise over drinks and meals.
The external decoration and signage will also be fully refurbished to compliment the interior and increase kerb appeal.
Private Accommodation
Premises Licence Details
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
| 11:00 - 23:00 | 11:00 - 23:00 | 11:00 - 23:00 | 11:00 - 23:00 | 11:00 - 00:00 | 11:00 - 00:00 | 11:00 - 23:00 |
Financials
| Annual Rent | £ 37,250 |
| Estimated Annual FMOP (Licensee Profit) | £ 38,843 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 479,066 |
| Estimated Annual Barrelage | 347 |
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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 | £ 6,000 |
| Deposit Amount | £ 9,313 |
| Rent In Advance | £ 716 |
| 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 | £ 38,214 |
| Estimated Minimum Ingoing Costs | £ 14,393 |
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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 | £ 1,728 |
| 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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