Ionic Bar

39 High Street, Elgin, Moray, IV30 1EE

Gallery

(Click to enlarge)

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Pub overview

Great customer service while providing quality products is key to the success of this fantastic proper pub. This is a great opportunity for the right person to create a real community pub in the middle of the town. Planning events to drive sales and profit is really important to give customers a reason to visit and keep coming back.

Well established pub with plenty of character. This pub needs someone who will to be seen, heard and involved on a day to day basis. This would be a great first time pub for someone who wants to run their own pub business. Introducing weekly events, games, live entertainment should provide a successful formula for this business. *£72 blended off invoice discount available on draught beer and cider*

There is a main bar area including a pool table with a small lounge towards the back of the premises

Trade space
Bars 1

There is no private accommodation with this business

Private space

Rent information

Annual rent £18,000 per annum
Weekly rent £346.15 per week fixed
Notes

£18,000 per annum, £346.15 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.

Entry costs approx £12,425 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 £0 Legal £825
Deposit £4,000 Stocktaking fees £150
Fixtures & fittings £3,500 Working capital £3,000
Other costs £950 Total entry cost £12,425

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
•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)
2016/17 168 368 405
2015/16 176 475 306
2014/15 171 420 93
Volume notes Wet led pub with a good mix of draught and spirit sales

Location

Located in the Morayshire town of Elgin which is situated on the A96 trunk route which connects the cities of Aberdeen and Inverness

Facilities

Trade bar

Current premises licence opening hours

Sunday to Thursday 11:00 to 23:00 Friday to Saturday 11:00 to 01:30

Contact Us

Billy Guthrie

Business Development Manager

Call us today 01284 714 497

Apply online
“ A traditional bar with all you would expect, Games, Pool, Darts and Live Sport providing a friendly atmosphere for locals and visitors ”