Park Bar Glasgow

442 Paisley Road West, Glasgow G51 1BE

  • Park Bar Glasgow
  • Park Bar Glasgow
  • Park Bar Glasgow
  • Park Bar Glasgow
  • Park Bar Glasgow
  • Park Bar Glasgow
  • Park Bar Glasgow
  • Park Bar Glasgow

Park Bar Glasgow

Great Location!

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

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

An exciting refurbishment will transform The Park Bar into a traditional and stylish venue. The pub will attract locals, as well as visitors and tourists. A complete redecoration will create a relaxed atmosphere with artwork that celebrates Glasgow. A new kitchen will further reinvigorate the offering with a simple and delicious pub food menu.

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

No 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

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 £
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

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 £
1,728
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