Glen Lusset
67 Dumbarton Road, Old Kilpatrick, G60 5DA
A WELL ESTABLISHED BUSINESS
The Glen Lusset is a family friendly community pub famous for drinks, food and entertainment. The pub is well known locally and is popular for live sport on TV (especially football). Due to its size and layout the pub can cater for private parties whilst still looking after its local and tourist customers. This site has benefited from an extensive refurbishment and is now an established business popular with passers-by and regular customers. The site is in good condition and offers a large conservatory, open plan trading space and Canalside decking area, which is a pleasant spot for drinkers during the warmer weather. Live music and events also play a large part at the Glen Lusset, with regular theme nights and entertainers on offer. The private carpark and good on street parking, also means that the Glen Lusset is well placed to attract new customers.
Bar
Function rooms
Kitchen
Patio
Location
The Glen Lusset is situated on the main road in Old Kilpatrick. Old Kilpatrick is a good sized village within two miles of the massive catchment area of Clydebank. Old Kilpatrick is one of the few villages which is a two minute drive from one of the busiest tourist routes in Scotland, Glasgow to Loch Lomond and the Trossachs. The village is served by both buses and trains and Glasgow City Centre is accessible in approximately fifteen minutes. The site is situated directly under the Erskine Bridge, which means Glasgow Airport and Paisley are only a ten minute drive away.
Business Information
Annual rent
£50,000
Weekly rent
£962
Entry costs
£32,125
Turnover royalty
n/a
Forecasted Operator Turnover
£717,833
Forecasted Operator Profit (inc machine profit)
£52,646
Forecasted Operator Machine Profit
£1,256
Average Beer & Cider Discount*
£180
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
Scottish Tenancy Agreement. A fixed 3 year term. Machine income shared 50/50.
Entry cost is approximately £32,125 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £35,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.
Deposit
£12,500
Fixtures & Fittings
£7,500
Legal Admin Fee
£825
Broker Fee
£0
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£32,125
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 213 | 0 | 7,400 |
| 2022 | 225 | 1 | 8,023 |
| 2021 | 121 | 0 | 3,994 |
A single storey building with an open plan bar, leading onto a risen area overlooking an external patio onto the canal. There is also a conservatory predominantly used for food service and functions. There are two outside areas, one to the front of the property and one to rear of the property. The cellar is situated behind the bar and the Kitchen is at front of the property.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
120
Trade Gardens
2
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
8
Current Premises Licence Opening Hours
Sun - Thu: 11:00 - 00:00
Fri - Sat: 11:00 - 01:00
There is no private accommodation.
Private Rooms
0
Lounge
0
Dining Rooms
0
Double Bedrooms
0
Single Bedrooms
0
Bathrooms
0
Toilets
0
Private Kitchens
0
Offices
0
Bedsits
0
I am looking for a well- funded experienced operator who can take this site to the next level showing entrepreneurial flair & keen business acumen. Good knowledge of the area is important to maximise all sales opportunities.
Sandra Donnelly, Business Development Manager
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