Run a Star Pub - Back Road Stonehouse - Larkhall

Pub Overview

Embrace village life! The Back Road pub is on the back road through the South Lanarkshire village, Stonehouse, near Larkhall. It is a traditional community local and well supported. There is a kitchen that can cater for circa 40 covers and the wood burner created a warm and friendly atmosphere.

Have you always wanted to run your own village pub? Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you :

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with 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...

Features

Trading Area & Facilities

The Back Road is a reasonably large village pub with spaces for socialising over a drink, having some food or playing pool. The pub was invested in within the last 5-6 years and has been well maintained since. There is a small kitchen and the pub can provide circa 40 covers with good wholesome pub classics. Externally the pub is painted and stands out from the street. There is a small outside trading area.

Private Accommodation

The Private Accommodation consists of three bedrooms, living room, kitchen and bathroom.

Pub Financials

Estimated Total Ingoing Costs : £26,306

Estimated Minimum Ingoing Costs : £13,102

Annual Rent : £19,227

Estimated Annual Turnover : £317,968

Deposit : £4,806

Estimated Fixtures & Fittings Value : £10,000

Estimated Stock Valuation : £8,000

Estimated Working Capital : £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.

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