Forge Inn

37 Whifflet Street, Coatbridge, Lanarkshire, ML5 4EN

Pub overview

Popular community local now back on the market due to lease end.

The Forge boasts established trade and would be an ideal fit an experienced operator looking for a multi faceted business that includes food, sport, entertainment and live music.

The bar consists of a large lounge bar, public bar, snug bar, 2 sets of ladies & gents toilets, disabled toilet, kitchen, cellar, office and stores on the ground floor. Outside there is an external drinking terrace for approx 25 people seated & dedicated smoking shelter. The lounge bar and externals have been recently decorated by the existing tenant all areas of the bar area of a good standard.

Trade space
Bars 2
Dining rooms 1
Food covers 80
Function rooms 1
Gardens 1
Trade kitchens 1

There is no private accommodation at this site

Private space

Rent information

Annual rent £28,200.00 per annum
Weekly rent £542.31 per week fixed
Notes

£28,200 per annum, £542.31 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.

Entry costs approx £27,125 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). (Brokers fees not applicable in Scotland).

Brokers TBC Legal £825.00
Deposit £7,000.00 Stocktaking fees £150.00
Fixtures & fittings £11,000.00 Working capital £5,000.00
Other costs £3,150.00 Total entry cost £27,125.00

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•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
•50/50 profit split of machines income
•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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2015/16 163 720 6,490
2014/15 190 885 5,894
2013/14 174 693 5,009
Volume notes This bar greatly benefits from live sport, were volumes more than double during key games.

Location

Situated on the corner of Whifflet St & Eastern Place in the Whifflet area of Coatbridge. There is a strong provision of public transport within a short walking distance, with bus stops outside the pub and trains a short walk away serving local & regional destinations. The pub is surrounded by many houses, bars, restaurants and shops and is the hub of this local community with its many facilities.

Facilities

Trade bar
Dining area
Function room
Pub garden
Trade kitchen

Current premises licence opening hours

Sunday - Thursday 11:00 am - 00:00am Friday and Saturday 11:00 am - 01:00am

Contact Us

Sandra Donnelly

Business Development Manager

Call us today 0845 607 5330

Apply online
“ The Forge is a pub with great flexibility, with different rooms catering to many different events and requirements from live sport to functions, live music and great food. This community pub would suit an operator with the motivation to maintain the pub's great local reputation. ”