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Steadings Kirkcaldy

93, Bennochy Road, Kirkcaldy, KY2 5RB

Pub Code: 2303086101

Key Features

  • Good Catchment Area
  • Outdoor Trading Area
  • Catering Kitchen
  • Fantastic Food Outlet
  • Incentives Available

Est Min Ingoing Costs: £15,236

Annual Rent: £26,549

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More Information

Fantastic Food Opportunity

Situated in a densely populated residential area of Kirkcaldy on a prominent main road site, the Steadings is a destination that has been refurbished to a high standard. Kirkcaldy contains a good cross-section of housing types. There are also many local businesses within the catchment area. Food sales are a driver of new business for this site and there is a clear opportunity to re-establish and grow this business further. Whether it's value meals or a traditional Sunday Lunch, food is a prerequisite. Providing an enviable drinks selection and creating an appropriate pub environment are equally important.

 

Entrepreneurial Community Operator Wanted

We are looking for a good community operator, who can drive both food and drinks sales and re-establish the reputation of the pub as the best of its type in the local area. You will need to demonstrate a commitment to friendly customer service and offering high standards of food and drink.

  • Business Start Up Agreement

  • Catering Kitchen

  • Function Room

  • Live Sports

  • Pub Games

  • Car Park

  • Outdoor Trade

Trading Area & Facilities

The Steadings is a fairly large trading operation with the main bar and restaurant areas accommodating 50 covers. There is also a separate public bar and games area, with live TV sports and a function room. Marketing this space for private parties and celebrations will be key to maximising the potential of this pub. Following the completed refurbishment works, the Steadings has wonderful kerb appeal with modern signage and an excellent signage scheme. A fabulous timber framed, beer decking adds an abundance of additional seating. There is a large car park, which is shared with the adjacent Co-op store.

Private Accommodation

Please note there is no private accommodation is available at this site.

Premises Licence Details

Please refer to the 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 -
00:00
11:00 -
00:00
12:30 -
00:00

Annual Rent £
26,549
Estimated Tenants Annual Operating Profit £
31,547
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
425,296
Estimated Annual Barrelage
143
* 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 £
15,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
6,637
Rent in Advance £
511
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
33,873
Estimated Minimum Ingoing Costs £
15,236
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 £
2,177
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
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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