Station Bar Helensburgh
Station Bar Helensburgh
24, East Princes Street, Helensburgh, G84 7QA Pub Code: 0080182101
Pub Code: 0080182101
Investment TenancyEst. Annual Turnover: £486,471
Annual Rent: £29,170
A refurbishment of around £135,000 is planned to transform Station Bar into a premium local pub with a refreshed bar, improved food and dining offer and stronger kerb appeal. What would you do with this pub to make it a success?
About the area
Station Bar is on the high street in Helensburgh, a seaside town with a population of around 14,000. The pub sits directly behind the railway station, is around a 45-minute train journey from Glasgow Central and also benefits from footfall associated with the nearby Faslane Submarine Base.
There are 2,374 adults within a 10-minute walk and 7,364 within a 20-minute walk. Station Bar is one of several pubs within walking distance, with seven competitors in the local market, largely made up of traditional wet-led venues.
The pub currently trades predominantly as a wet-led business, attracting a loyal but more mature customer base and offering relatively few reasons for destination visits. The investment will broaden its appeal to a more diverse customer base, including families and casual diners, while creating more walk-in and destination trade.
The offer
Station Bar, Helensburgh is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for Station Bar will have extensive experience in premium local hospitality businesses that combine food, drink and entertainment. They will have a clear vision for the food and drink menu, live sport, DJ and karaoke programme, and local marketing strategy, and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The refurbishment will cover both the interior and exterior of Station Bar. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- 63 internal covers
- Catering kitchen
- HEINEKEN SmartDispense
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£40,793
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
What we're planning & why
An estimated £135,000 investment will transform Station Bar both inside and out. The scheme will refresh the exterior and signage, completely redecorate the bar and re-establish a food offer and dining area to the rear, creating a more attractive premium local pub with wider appeal.
What's happening?
The exterior will be fully redecorated and supported by a new signage scheme, signalling change, improving kerb appeal and helping Station Bar stand out to people arriving in the town and using the nearby railway station.
Inside, the bar will receive a complete refresh and redecoration to deliver a better drinking experience and bring the venue up to modern customer expectations.
The food offer and dining area to the rear will be re-established, creating another reason to visit and helping the pub appeal to families and casual diners. Good local pub favourites, with the successful operator expected to shape the final menu.
Live sport, DJs and karaoke are already identified as entertainment opportunities. Combined with the refreshed surroundings, these can help the operator build a varied weekly programme that supports both regular community trade and new destination visits.
Why invest?
The investment will help Station Bar rebuild its local reputation, make better use of its trading space and create a more modern customer experience. A stronger frontage, improved bar environment and re-established food offer are expected to increase footfall, broaden the customer base and encourage more frequent visits throughout the week.
Turnover is expected to increase by around £5,000, reaching approximately £9,300 net per week following the refurbishment.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
The Abbey Bar, Paisley has recently undergone a similar transformation to what we are planning for Station Bar. A reference pub website was not supplied in the briefing document.
Location:
24, East Princes Street, Helensburgh, G84 7QA
Selected pub
Other pubs
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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