2 York Place, Kirkcaldy, Fife, KY1 3HN
An excellent opportunity to build upon the foundations of a high quality food led operation
The Dining Room is a premium bar and restaurant, famous locally for fine dining and quality drinks. Given the food driven nature of this profitable business it would suit an experienced chef with ambition and local knowledge to drive the business forward and unlock the full potential of this pub. Due to its excellent location by the main road into Town, there is plenty of passing trade to attract as well as being close to a large residential housing area. Internally the Pub caters for sixty food covers in the restaurant and has a separate bar. The exterior has a spacious decking area, large dining space and snug cosy corners.
The site consists of separate bar/lounge and two distinctive dining areas as well as a newly created purpose built outside decking area which accommodates a further thirty covers.
|Car park spaces||1|
The premises has a three bedroom managers flat with separate kitchen area. The Flat is currently unfurnished.
|Annual rent||£35,000 per annum|
|Weekly rent||£673.08 per week fixed|
£35,000 per annum, £673.08 per week fixed and subject to annual RPI increase (tracker capped at a maximum of 4.75%) on anniversary of agreement. Paid weekly by direct debit.
Entry costs approximately £36,020.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £20,000 and the final valuation will be confirmed on change day. 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
|Fixtures & fittings||£20,000||Working capital||£5,000|
|Other costs||£1,295||Total entry cost||£36,020|
Standard Tenancy Agreement
A fixed 5 year term agreement
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||This site is free of tie on wines and spirits|
Kirkcaldy is a coastal Town on the East coast of Scotland. The Town is locally nicknamed 'lang toun' due to its 0.9-mile-long High Street. The Dining Room is located on a busy main street leading directly to network of duel carriage ways and motorways connecting Fife. The site has a prime location at the top of York Place, with private car park to the rear.
Current premises licence opening hours
Sun - Thu: 11:00 - 00:00 Fri - Sat: 11:00 - 01:00
Business Development Manager
Call the Recruitment team on 01284 714 497Apply online
“ I am seeking an experienced operator who knows how to deliver a quality food and drink operation. The Dining Room is located in Kirkcaldy with easy access to the nearby main access road to the town. The bar & restaurant is furnished to a very high standard and the toilets were fully refurbished in 2018. If you have the skills required to take this business to new heights, please contact the recruitment team for further information ”