Wemyss Port Seton

18 Links Road, Prestonpans EH32 0DU

  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton
  • Wemyss Port Seton

Wemyss Port Seton

Fantastic opportunity and a great location!

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

  • Rolling Tenancy
  • Function Room
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Inside, The Wemyss currently had two bar areas but we plan to turn these in to one, open plan, multi purpose trading area suitable for all occasions. The kitchen is currently capable of providing a simple bar snacks offer but will be able to offer and more substantial menu once the the kitchen is upgraded.

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

There is currently no Private Accommodation at The Wemyss, however, this could be introduced as part of the refurbishment.

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).

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 £
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.

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) £
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