Abercromby Arms

14-16 Stirling Road, Tullibody, FK10 2QE

A WET LED LOCAL COMMUNITY PUB WITH LETTING ROOMS

The Abercromby sits at the heart of the community in Tullibody, with a reputation for good food, and a great night out, its regular entertainment and community events have put this pub head and shoulders above the competition. This is a well established business, with various income streams. The pub is currently trading at a 70/30 sales split in favour of wet and also has two letting rooms to help drive income. The site attracts local residents from all walks of life and serves the community with great entertainment including live sports and pub games. The food offer is well regarded and offers true pub classics at affordable prices. The Abercromby is known for its high standards of value, service and quality and any new operator must ensure these are retained.

Location

Business Information

Annual rent

£40,000

Weekly rent

£769

Entry costs

£36,125

Turnover royalty

n/a

Forecasted Operator Turnover

£470,661

Forecasted Operator Profit (inc machine profit)

£42,859

Forecasted Operator Machine Profit

£3,600

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Average Beer & Cider Discount*

£108

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £36,125.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £18,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£10,000

Fixtures & Fittings

£18,000

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£6,000

Other Costs

£1,150

Total Entry Costs

£36,125

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 240 6 0
2018/19 268 19 0
2017/18 241 20 164

There is a large public bar with pool and darts, a lounge area with fifty covers and where food is served, plus kitchen and cellar on the ground floor. Upstairs there are two letting rooms, with shared facilities.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

50

Trade Gardens

No

Trade Patio Areas

No

Trade Rooms to Let

2

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

12

Current Premises License Opening Hours

Sun - Thu: 11:00 - 00:00
Fri- Sat: 11:00 - 01:00

There is a two bedroom managers flat, with kitchen, lounge, bathroom and separate toilet

Private Rooms

6

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking a local operator, preferably with experience and knowledge of the local area to take this excellent community pub and really engage the community. This site has a multitude of income streams and excellent standards of service will be key to your success. If you have been waiting for an opportunity like this one, please contact the recruitment team for further information.

Iain Thomson,

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