1 Barclay Place, Edinburgh, Midlothian, EH10 4HW
Fantastic Edinburgh bar and restaurant with reputation for excellent food, wines and cocktails.
Henricks is a well established business in the centre of Edinburgh which has built a good reputation as a place to dine when visiting the local theatre or to relax with friends when having a meal. The business is situated just a short walk from Lothian Road and only a few doors away from the Kings Theatre, in the locallity there are a number of other bars and restaurants as well as many privately owned and rented houses and flats.
Henricks has been developed as a premium business with the drinks, food and servcie all in line with this, the business would suit a hands on operator who has a solid understanding of how to run a quality food and drinks business, due to the volume of sales which are generated from the local theatre, experience of how to deliver quality service whilst ensuring a quick turnaround would be an advantage.
Edinburgh is a bustling and vibrant city which is steeped in history so something is always going on, with this in mind the city benefits from a huge number of tourists from all over the country and further a field, also the university ensures a good population of students and with Murrayfield stadium the city benefits from both Scotland rugby internationals and concert events throughout the year.
Premises comprises main bar area with seating areas suitable for diners, small enclosed licenced patio area to the rear with kitchen in the basement.
The pub has no accommodation.
|Annual rent||£41,000 per annum|
|Weekly rent||£788.46 per week fixed|
£41,000 per annum, £788.46 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £26,475 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).
|Fixtures & fittings||£12,000||Working capital||£5,000|
|Other costs||£2,500||Total entry cost||£26,475|
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)|
Situated in the Barclay Place in Edinburgh, just a short walk to the bustling area of Lothian Road, the meadows and only a few doors away from the Kings Theatre.