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Railway Inn Chapelhall

98, Lauchope Street, Airdrie, ML6 8SW

Pub Code: 2302824101

Key Features

  • 3 Year Business Start Up Agreement
  • Free of tie on wines and spirits
  • Games area
  • Outside Trading Area

Est Min Ingoing Costs: £10,934

Annual Rent: £16,841

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More Information

Ideal Location

The Railway Inn is located in Chapelhall, near Airdire in North Lanarkshire. The Railway Inn is nestled in the centre of Chapelhall, amongst shops and local amenities. The nearby community centre, allotments and local supermarkets will all generate busy footfall throughout the day. With little competition in the area and extensive coverage of live sports, the pub is set to greatly expand on its loyal customer base and become the go-to venue for locals.

Community operator wanted.

The pub benefits from a games area with pool table and flat screen TV’s. We are looking for a community led operator to drive sales in this local pub. Could that be you?

  • Live Sports

  • Outdoor Trade

  • Business Start Up Agreement

  • Pub Games

  • Cask Ale

Trading Area & Facilities

The Railway Inn is a one bar operation with separate seating area. It has a games area which will drive sales.

Private Accommodation

There is no private accommodation.

Premises Licence Details

Please see premises licence for full 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 -
00:00
11:00 -
01:00
11:00 -
01:00
11:00 -
00:00

Annual Rent £
16,841
Estimated Tenants Annual Operating Profit £
22,840
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
280,011
Estimated Annual Barrelage
198
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
2,240
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
4,210
Rent in Advance £
324
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
14,384
Estimated Minimum Ingoing Costs £
10,934
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
2,121
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4908
Estimated Annual Repairs Fund £
1300
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
** 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

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