Lease Assignment Opportunity

Linlithgow Tap

111-113 High Street, Linlithgow, West Lothian, EH49 7EJ

Gallery

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Pub overview

Lease Assignment : Well known, well established bar on Linlithgow High Street with 3 Free of Tie cask ale lines allowing for a local cask ale offer.

The Linlithgow Tap is a one bar operation, fully refurbished in 2016 and still in superb order. This is a local pub where a good base of local clientele frequent the business to enjoy the range of beers and cask ales on offer. Weekends centre around sport and entertainment. There is no kitchen on site however a back bar food operation would really benefit the business. In addition to the main bar there is an adjoining lounge area with views out onto the street, and a back room, beautifully laid out and perfect for quiet conversation, board games, or meetings.

*If you are interested in this site, please contact the current Lessee Colin Sinclair direct on 07740 984744 or alternatively you can contact Greene King Recruitment on 01284 714497*

The pub is a one bar operation with adjoining lounge and separate back room

Trade space
Bars 1

There is no private accomodation

Private space

Rent information

Annual rent £23,564 per annum
Weekly rent £453.15 per week fixed
Notes

This business benefits from a lower rent along with a 6% turnover royalty charged weekly in line with the previous weeks turnover.

Other costs are a £35,000 lease premium paid to the current tenant for the business. This includes the cost for the Fixtures & Fittings.

Brokers £0 Legal £995
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £0 Working capital £0
Other costs £35,000 Total entry cost £42,145

Agreement description

Lease Assignment. This lease currently runs till 2023 and a lease extension to the new tenant can be made available as part of the assignment.

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)
2016/17 180 1,939 5,499
2015/16 178 979 4,207
2014/15 177 500 3,813
Volume notes

Location

This is a really superb location, right on Linlithgow High Street and within minutes of Linlithgow Palace. The town of Linlithgow benefits from a fantastic demographic, as a commuter town for both Edinburgh and Glasgow. Every year thousands of tourists visit the area also, and a new operator at this premises will be well place to capitalise on this.

Facilities

Trade bar

Current premises licence opening hours

Monday - Tuesday: 11:00-23:00 Wednesday - Thursday: 11:00-00:00 Friday - Saturday: 11:00-01:00 Sunday: 11:00-00:00

Contact Us

Elaine Kennedy

Operations Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Linlithgow Tap is a brilliantly located site on the High Street in this popular tourist and commuter town. This is a superb opportunity for a new operator to grow this established business. ”