Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs & Bars. It’s free and puts you under no obligation.
Register
Tolbooth Tavern Edinburgh
167, Canongate, Edinburgh, EH8 8BN
Pub Code: 0080463101
Key Features
- Iconic location
- Huge tourist attraction
- Food opportunity
- Cask Ales
Est Min Ingoing Costs: £13,483
Annual Rent: £46,390
More Information
Amazing location!
The Tolbooth Tavern is one of the oldest pubs in Edinburgh and is part of an historic building situated right in the middle of the iconic Royal Mile. You don't get locations much better than this! You have the Royal Palace of Holyrood and Scottish Parliament at the bottom of the mile and the world famous Edinburgh Castle at the top! Edinburgh Castle is Scotland's most, and the UK's second most visited attraction so footfall is heavy on the Royal Mile. Combined with the fact that The Tolbooth Tavern is a tourist attraction in itself and you have a great base to build your pub business on.
We're looking to partner with someone with some food experience and a flair for imaginative marketing to really get the most from The Tolbooth Taverns huge potential. Could that be you?
The Tolbooth Tavern is one of the oldest pubs in Edinburgh and is part of an historic building situated right in the middle of the iconic Royal Mile. You don't get locations much better than this! You have the Royal Palace of Holyrood and Scottish Parliament at the bottom of the mile and the world famous Edinburgh Castle at the top! Edinburgh Castle is Scotland's most, and the UK's second most visited attraction so footfall is heavy on the Royal Mile. Combined with the fact that The Tolbooth Tavern is a tourist attraction in itself and you have a great base to build your pub business on.
We're looking to partner with someone with some food experience and a flair for imaginative marketing to really get the most from The Tolbooth Taverns huge potential. Could that be you?
Trading Area & Facilities
The Tolbooth is situated in an impressive stone building dating back centuries and is steeped in myth and history.
Inside the pub echoes the outside with lots of stone and wooden finishes. The pub is a one room operation but has a raised areas that can be zoned for food. There is a kitchen that can support a full menu.
Inside the pub echoes the outside with lots of stone and wooden finishes. The pub is a one room operation but has a raised areas that can be zoned for food. There is a kitchen that can support a full menu.
Private Accommodation
There is no private accommodation on site.
Premises Licence Details
Please see premises licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
11:00 - 01:00 |
| Annual Rent | £ 46,390 |
| Estimated Tenants Annual Operating Profit | £ 47,190 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 628,963 |
| Estimated Annual Barrelage | 236 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 10,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 7,000 |
| Deposit Amount | £ 11,598 |
| Rent in Advance | £ 895 |
| 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 | £ 31,215 |
| Estimated Minimum Ingoing Costs | £ 13,483 |
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.
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 | £ 510 |
| 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
* 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
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
Pub Vacancy Alerts
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download