39 High Street, Elgin, Moray, IV30 1EE
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
There is no private accommodation with this business
|Annual rent||£18,000 per annum|
|Weekly rent||£346.15 per week fixed|
£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).
|Fixtures & fittings||£3,500||Working capital||£3,000|
|Other costs||£950||Total entry cost||£12,425|
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||Wet led pub with a good mix of draught and spirit sales|
Located in the Morayshire town of Elgin which is situated on the A96 trunk route which connects the cities of Aberdeen and Inverness