Boulevard
Almondvale Parkway, Livingston, EH54 6QT
A GREAT FOOD LED OPPORTUNITY
A large Food led pub, situated in Livingston Retail Park the Boulevard is a 160 cover restaurant with small function room and bar area. The Boulevard currently operates as a premium mainstream food site with sports and bar area plus function trade. The function space hosts birthdays, funerals and celebrations throughout the year. The sales split is 80/20 in favour of food. The new operator will need food experience and an understanding of driving destination trade. Developing the offer over and above the food element whilst showing a good understanding of social media and digital marketing strategies will be critical to success.
Bar
Function rooms
Garden
Kitchen
Meeting rooms
Patio
Location
Livingston is the largest town in West Lothian, Scotland. Designated in 1962, it is the fourth post-war new town to be built in Scotland. The Boulevard is found within the grounds of Livingston retail park and is a stones throw from Livingston FC. There is plenty of competition close by including various well known chain casual dining venues and pubs.
Business Information
Annual rent
£37,500
Weekly rent
£721
Entry costs
£31,500
Turnover royalty
n/a
Forecasted Operator Turnover
£533,157
Forecasted Operator Profit (inc machine profit)
£40,705
Forecasted Operator Machine Profit
£1,500
Average Beer & Cider Discount*
£144
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
Scottish Tenancy Agreement. A fixed 3 year term. Machine income shared 50/50. Rent is £20,000 for year one, moving to £37,500 from year 2 onwards.
Entry cost is approximately £31,500 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £40,000. 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
£9,375
Fixtures & Fittings
£10,000
Legal Admin Fee
£825
Broker Fee
£0
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£31,500
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 36 | 55 | 2,922 |
| 2022 | 4 | 50 | 886 |
| 2021 | 0 | 0 | 0 |
All found on the ground floor with bar area and separate function room to left hand side. There is a large bar flat to the back wall and wrapping around corner facing a large L shaped restaurant space.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
160
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
1
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
30
Current Premises Licence Opening Hours
To be confirmed
There is no accommodation on site.
Private Rooms
0
Lounge
0
Dining Rooms
0
Double Bedrooms
0
Single Bedrooms
0
Bathrooms
0
Toilets
0
Private Kitchens
0
Offices
0
Bedsits
0
I am looking for someone to develop the local and destination trade to the area with multiple revenue streams. Appeal to multiple demographics and share a business plan that is adaptable throughout the week. A strong business identity is very helpful at this site with many big competitors in close range.
Colin Lawson, Business Development Manager
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