Centurion

243 St Johns Road, Edinburgh, EH12 7XD

An excellent wet led pub with sport and entertainment in a busy area of Edinburgh.

The Centurion is a sport led pub with a good quality commercial kitchen catering for the community area of Costorphine in Edinburgh. This pub represents an opportunity for a local operator to develop a business at the heart of the area, offering great value food and drinks combined with a strong focus on televised sport and entertainment. The development of a strong food offer here will be the pathway to success and matchdays at Murrayfield Stadium will be a key opportunity to maximise income and build your reputation.

Location

Business Information

Annual rent

£37,500

Weekly rent

£721

Entry costs

£39,350

Turnover royalty

%0

Forecasted Operator Turnover

£353,320

Forecasted Operator Profit (inc machine profit)

£39,957

Forecasted Operator Machine Profit

£3,400

Average Beer & Cider Discount*

Blended £144

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement •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

Entry costs approximately £39,350.00, 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 £20,000 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

£9,375

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£4,000

Total Entry Costs

£39,350

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 280 0 3,950
2017/18 240 19 3,059
2016/17 335 51 2,673

The Centurion comprises public bar, lounge and commercial kitchen. The pub also has a car park to the rear and a two bedroom owners flat above.

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

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

8

Current Premises License Opening Hours

Mon - Sat- 11.00 - 01.00
Sun- 11.00 - 01.00

There is a two bedroom flat above the property.

Private Rooms

5

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking a exceptional operator who can excel at this busy Pub. The Centurion represents an excellent wet led pub in the Costorphine area of Edinburgh with a public bar, a good sized lounge, unused commercial kitchen and a good sized flat above. There is the opportunity to develop a great community pub offering sport, entertainment and great value food and drinks. If you have the skills i am searching for, then please contact our recruitment team for further information

Paul Wishart, Business Development Manager

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