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Wellington Bar Falkirk
Wellington Bar Falkirk
6, Manor Street, Falkirk, FK1 1NH Pub Code: 2302931101
Pub Code: 2302931101
Investment TenancyEst. Annual Turnover: £362,461
Annual Rent: £25,066
A refurbishment is planned for Wellington Bar, with the investment value to be confirmed, transforming it into a refreshed community pub with a stronger sports, entertainment and socialising offer. What would you do with this pub to make it a success?
About the area
Wellington Bar is in Falkirk town centre, surrounded by shops, food and retail outlets. The pub is within walking distance of the train station and very close to Falkirk's main shopping street, giving it strong visibility and access to people visiting, working and socialising in the centre. Around 3,671 adults live within walking distance of the pub.
The pub currently benefits from an established wet-led trade with a value-led, traditional offer. The refurbishment will build on that base by creating a more modern community pub designed to appeal to a broader and more diverse audience, with particular potential to attract younger professionals and after-work socialising. Wellington Bar is one of several pubs trading in a busy town-centre hospitality scene, so the refreshed interior, entertainment space and stronger external presence will help it stand out while remaining rooted in the local community.
The offer
Wellington Bar 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 Wellington Bar will have extensive experience in busy wet-led community pubs, ideally with a strong understanding of sports and entertainment-led trading. They will have a clear vision for the drinks offer, entertainment programme and 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 of Wellington Bar will cover both the interior and exterior. 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
- Separate games and sports zone
- 50 internal covers
- HEINEKEN SmartDispense
- Private accommodation with two bedrooms
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
Private accommodation consists of 2 bedrooms, a living room, kitchen and a bathroom
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
£33,766
Annual
Estimated Annual Turnover
£362,461
Annual Rent
£25,066
Entry Costs
Deposit
£6,266
Estimated Fixtures & Fittings Value
£19,000
Stock Valuation
£5,000
Working Capital Required
£3,500
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.
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.
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
Wellington Bar is planned to receive both internal and external refurbishment, focused on modernising the customer experience and strengthening the pub’s presence in Falkirk town centre. The investment value is to be confirmed. Key works will include an interior décor refresh, a new gaming and entertainment zone and new external signage.
What's happening?
Inside, the décor refresh will create a more contemporary and welcoming environment that better meets modern customer expectations while retaining Wellington Bar’s role as a community pub. A new gaming and entertainment zone will make better use of the available trading space and give the pub a stronger reason to visit for sports, games and social occasions.
Externally, new signage will improve the pub’s kerb appeal and make it more noticeable within the busy town-centre setting. Together, these changes will help Wellington Bar build on its established drinks-led trade while widening its appeal to a broader customer base, including younger professionals looking for somewhere to meet after work. The right operator will need to bring energy to the entertainment offer, maintain a strong drinks proposition and actively market the pub to the local community and town-centre audience.
Why invest?
Wellington Bar is well placed to strengthen its reputation in the local community. Its town-centre location, 3,671 adults within walking distance and proximity to the train station and main shopping street provide a strong base for the refurbished offer. By improving the pub’s appearance, making better use of its trading space and creating a clearer sports and entertainment proposition, the refurbishment is anticipated to increase turnover through broader appeal, stronger after-work trade and more reasons for customers to visit regularly. To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
6, Manor Street, Falkirk, FK1 1NH
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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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