Railway Inn Chapelhall

98 Lauchope Street, Airdrie, Airdrie ML6 8SW

  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall
  • Railway Inn Chapelhall

Railway Inn Chapelhall

Fantastic Potential

The Railway Inn is located right in the heart of Chapelhall town centre, on a bustling main road with an abundance of potential passing footfall. This, combined with its position near shops, businesses and residential housing, will give the pub a large and lucrative market, both day and night.

Multiple Income Streams

The new kitchen provided by the proposed refurbishment works and the upgraded external trading area will unlock access to the local eating out market. This will transform the drinks-led Railway Inn into something distinctive from other pubs in the surrounding area, allowing it to maximise on the opportunity of multiple income streams.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Live Sports
  • Outdoor Trade
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

An extensive refurbishment will transform the Railway Inn into a cosy, attractive space where the whole community can socialise and enjoy a great food and drink experience right on their doorstep. Not only will the updated decor give the pub a traditional-style feel with a premium finish, changes to the layout and an expanded kitchen will increase the pub's covers, attracting a wider range of local customers.

The newly refurbished Railway Inn will appeal to a wide range of customers of all ages, providing the perfect community hub for all to enjoy. Post-refurbishment, the Railway Inn will be an attractive and welcoming venue, where customers will love to spend time. The pub will offer a great coffee during the day, a fantastic range of drinks, including craft beer, cider, wine and spirits with live sport and entertainment on weekends. The brand-new food menu will be full of well prepared pub classics supported by thew new catering kitchen

Externally we will create a great outdoor space to enjoy in the warmer months..

Private Accommodation

There is no private accommodation at this site.

Premises Licence Details

Please refer to the Premises Licence for further 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 12:30 - 00:00

Financials

Annual Rent £
28,500
Estimated Annual FMOP (Licensee Profit) £
30,781
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
430,901
Estimated Annual Barrelage
265

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 £
22,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
7,125
Rent In Advance £
548
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 £
37,858
Estimated Minimum Ingoing Costs £
13,560

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 £
TBC
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