Foxton Bar & Grill
Foxton Drive, Glenrothes, Fife, KY7 4UZ
Excellent food business with scope to develop strong local community trade.
The Foxton Bar & Grill opened in October 2012 following an extensive refurbishment of the building. The trade is split c60/40, wet/food. The pub attracts a mixed customer base over the various trading hours. Families are well catered for, while couples and others also feel welcome in the very comfortable surroundings. Occasional "live" entertainment is on offer on Friday and Saturday evenings and this in turn attracts a further type of customer base.
A large back to back bar serves both trading areas in the unit.
|Car park spaces||30|
No private accommodation.
|Annual rent||£30,000.00 per annum|
|Weekly rent||£576.92 per week fixed|
£30,000 per annum, £576.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit
Entry costs approx £33,275 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). Fixtures & Fittings amount is estimated as final figure is to be valued.
|Fixtures & fittings||£20,000.00||Working capital||£4,000.00|
|Other costs||£800.00||Total entry cost||£33,275.00|
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
• 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 was free of tie on Minerals|
Located in the South East of Glenrothes, The Foxton Bar & Grill shares the car park with users of the nearby woodland walk. There is substantial private housing along with local authority housing all within a 5 to 10 minute walk from the pub.