Steadings Kirkcaldy

93 Bennochy Road, Kirkcaldy, KY2 5RB

  • Steadings Kirkcaldy
  • Steadings Kirkcaldy
  • Steadings Kirkcaldy
  • Steadings Kirkcaldy
  • Steadings Kirkcaldy
  • Steadings Kirkcaldy
  • Steadings Kirkcaldy
  • Steadings Kirkcaldy
  • Steadings Kirkcaldy

Steadings Kirkcaldy

Fantastic Food Opportunity

Situated in a densely populated residential area of Kirkcaldy on a prominent main road site, the Steadings is a destination that was fully refurbished less than two years ago. 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 2 for 1, 2 for 10 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 ll need to demonstrate a commitment to friendly customer service and offering high standards of food and drink."

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Pub Games

Trading Area & Facilities

In excellent condition throughout, 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 s a large car park, which is shared with the adjacent Co-op store.

Private Accommodation

Please note there is no private accomodation is available 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 - 00:00 11:00 - 00:00 12:30 - 00:00

Financials

Annual Rent £
29,000
Estimated Annual FMOP (Licensee Profit) £
32,767
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
426,667
Estimated Annual Barrelage
147

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
12,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
7,250
Rent In Advance £
558
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 £
46,493
Estimated Minimum Ingoing Costs £
12,602

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
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