Wemyss Port Seton
18 Links Road, EH32 0DU
Wemyss Port Seton
Standing prominently on the main East Lothian coastal route through the village of Port Seton, the Wemyss will be re-named the Lord Seton and will be transformed into a modern, open, attractive, friendly and vibrant local pub with a great contemporary food offer and a fantastic range of drinks. With comfortably laid out areas for eating and drinking, an exterior terrace with sea views, and an open kitchen, the Lord Seton will offer the best pub facilities in the area between Musselburgh and Longniddry.
Within walking distance of Seton Sands Holiday Village, and in close proximity to fabulous Golf Courses, perfect Beaches, and tranquil seaside Resorts, The Lord Seton will attract a myriad of different customers from the expanding local population, visitors to the East Lothian coast, and from local businesses which support a thriving local economy.
This is an exciting opportunity for a professional food and drink operator with an understanding of running a destination venue, superbly laid out and comfortably appointed, to attract a wide range of local and visiting customers. The successful business operator will have a broad vision of the different elements of the food, drink and service mix that are required to create a superb pub offer, which can be delivered to a consistently high standard. We are looking for someone with flair, pizzaz and forward thinking business skills, who will rise to the challenge of putting this great local pub back into the heart of the East Lothian community.
Pub Features
Trading Area & Facilities
Externally, new lighting and signage will add to the pubs already great kerb appeal, making the most of the great location and showing off to the pubs to passing traffic, buses and pedestrians. The decking area at the rear of the pub will be improved to add to the pubs appeal.
Private Accommodation
Premises Licence Details
Premises Licence Opening Hours
Mon | Tue | Wed | Thu | Fri | Sat | Sun |
11:00 - 23:00 | 11:00 - 23:00 | 11:00 - 23:00 | 11:00 - 01:00 | 11:00 - 01:00 | 11:00 - 01:00 | 11:00 - 00:00 |
Financials
Annual Rent | £ 51,250 |
Estimated Annual FMOP (Licensee Profit) | £ 53,463 |
Representative HEINEKEN UK Brand Discount Per Barrel | £ 100 |
Estimated Annual Turnover | £ 650,782 |
Estimated Annual Barrelage | 286 |
“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 | £ 25,000 |
Estimated Fixtures & Fittings Valuation Fee | £ 250 |
Estimated Stock Valuation | £ 8,000 |
Deposit Amount | £ 12,813 |
Rent In Advance | £ 986 |
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 | £ 48,984 |
Estimated Minimum Ingoing Costs | £ 18,727 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. |
|
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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