Thornwood Glasgow

724 Dumbarton Road, Glasgow G11 6RB

  • Thornwood Glasgow
  • Thornwood Glasgow
  • Thornwood Glasgow
  • Thornwood Glasgow
  • Thornwood Glasgow
  • Thornwood Glasgow
  • Thornwood Glasgow
  • Thornwood Glasgow
  • Thornwood Glasgow

Thornwood Glasgow

Huge Potential!

Refurbishment Planned! The Thornwood is located on Dumbarton Road, close to Partick train station and enjoys a busy local trade in this up and coming area. Surrounded by a densely populated residential area, there are 40,354 adults living within one mile, the majority of whom have high levels of disposable income, making this a very lucrative business opportunity.

Through the planned works, The Thornwood will be transformed into a traditional, premium pub with a contemporary twist. The refurbished bar and dining area will offer the perfect place for customers to enjoy drinks or a casual bite to eat in an inviting and relaxed environment. The introduction of a brand new food offering, combined with a new drinks range, great quality coffee and improvements to the outside area will ensure the pub attracts a wealth of new customers.

Progressive Operator with new ideas wanted!

Can you take a much loved traditional local pub and bring it up to date to inspire and attract the next generation? Do you have a flair for food? Can you put a new twist on an old favourite?

We plan to spend circa £250,000 on refurbishing the Thornwood subject to final board approvals.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Outdoor Trade
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the bar and dining area will be redecorated with a traditional yet contemporary feel. This will create a comfortable environment for customers to enjoy the great food and drinks on offer. Works will include new floor finishes, full decoration with feature wall and ceiling coverings, feature poseur tables and loose furniture and installing new lighting and adding bric-a-brac. Dropping windowsills and replacing with new, larger windows will allow better vision into the pub and increase natural lighting.

Through the refurbishment, the external area will be greatly enhanced. Works will include a new outside seating terrace to the front of the pub, with an access door to the lounge area and a new signage and lighting to match and promote the internal offer.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code [2016].

Private Accommodation

Not applicable.

Premises Licence 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 11:00 - 00:00

Financials

Annual Rent £
42,000
Estimated Annual FMOP (Licensee Profit) £
44,565
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
551,531
Estimated Annual Barrelage
267

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 £
20,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
10,500
Rent In Advance £
808
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 £
38,493
Estimated Minimum Ingoing Costs £
35,000

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 £
556
Estimated Annual Maintenance Compliance Charge £
1,013
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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