Railway Tavern Prestonpans
129 High Street, Prestonpans, EH32 9AXAgreement Type: Foundation Tenancy
View details for Railway Tavern Prestonpans
Willow on High Street Musselburgh
83, High Street, Musselburgh, EH21 7DA
Pub Code: 2302146101
Key Features
- Foundation Tenancy
- Private accommodation - 1 Bedroom Flat
- Recently Refurbished
- Large Catering Kitchen
- Beautiful Beer Garden
Est Min Ingoing Costs: £14,184
Annual Rent: £32,218
More Information
The location:
Located towards the racecourse end of Musselburgh High Street, Muss Bar currently provides a premium pub food & drink offer in modern, comfortable surroundings for the wide range of Customers (over 50% of whom can be found in high or medium affluence bands) who live or work in the town and the immediate area.
The Bar has a large attractive garden to the rear, and benefits from visitors to Musselburgh Racecourse throughout the year. Muss Bar is close to Musselburgh Grammar School and Loretto School and is adjacent to the main shops and cafes that make up the busy town High Street.
Musselburgh Racecourse holds 27 racedays throughout the year and Muss Bar is popular with racegoers before and after racing. Musselburgh attracts many visitors and people who work and shop in the town. Substantial new housing has been built & occupied within a quarter mile of the Bar and more housing is being erected within a half mile increasing footfall in the town. Musselburgh Festival is an annual event in late July, which provides a week long range of activities, that draw people to the town.
Demographics:
The pub benefits from being one of 10 pubs found in an area of around 4,400 adults. The varied customer base is comprised of local residents & workers and visitors to Musselburgh.
The offer:
Available on our Three Year fixed term Foundation Tenancy, the potential of this pub lies in developing an exciting premium food & drink offer. What would you to improve the bar to attract more Customers?
The venue has the facilities to attract greater Customer footfall and increase spend, through a great food offer, live entertainment, live sports and its modern comfortable décor makes it a great place for friends and families to meet across the age ranges. It’s large garden affords alfresco eating and drinking and is unique in the area.
It offers a wide range of premium draught beers, lagers and craft beers has a good wine selection and showcases premium spirits & cocktails.
Ideas are as valuable as experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local area around Musselburgh
- Ideas about how to build a successful business
- Ability to engage with customers from behind the bar
If this sounds like the incredible bar opportunity you’ve been waiting for, apply today and tell us what you can bring to this venue’s next chapter…?
Trading Area & Facilities
- Main trading area with bar
- Well-appointed kitchen
- 80 internal covers
- Additional external covers
- Large beer garden
Private Accommodation
The pub has private accommodation (1 bedroom flat), which is accessed through the pub.
| Annual Rent | £ 32,218 |
| Estimated Annual Turnover | £ 534,993 |
| Deposit | £ 8,054 |
| Estimated Fixtures & Fittings Value | £ 46,250 |
| Estimated Stock Valuation | £ 8,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 65,804 |
| Estimated Minimum Ingoing Costs | £ 14,184 |
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.
Location:
83, High Street, Musselburgh, EH21 7DA
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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