Dining Room

2 York Place, Kirkcaldy, KY1 3HN

An excellent opportunity to build upon the foundations of a high quality food led operation

The Dining Room is a premium bar and restaurant, famous locally for fine dining and quality drinks. Given the food driven nature of this profitable business it would suit an experienced chef with ambition and local knowledge to drive the business forward and unlock the full potential of this pub. Due to its excellent location by the main road into Town, there is plenty of passing trade to attract as well as being close to a large residential housing area. Internally the Pub caters for sixty food covers in the restaurant and has a separate bar. The exterior has a spacious decking area, large dining space and snug cosy corners.

Location

Business Information

Annual rent

£35,000

Weekly rent

£673

Entry costs

£36,020

Turnover royalty

n/a

Forecasted Operator Turnover

£389,886

Forecasted Operator Profit (inc machine profit)

£35,238

Forecasted Operator Machine Profit

£0

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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 £36,020.00, 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

£8,750

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,295

Total Entry Costs

£36,020

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 39 0 2,607
2018/19 55 87 4,675
2017/18 61 557 4,237

The site consists of separate bar/lounge and two distinctive dining areas as well as a newly created purpose built outside decking area which accommodates a further thirty covers.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

1

Current Premises License Opening Hours

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

The premises has a three bedroom managers flat with separate kitchen area. The Flat is currently unfurnished.

Private Rooms

5

Lounge

No

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced operator who knows how to deliver a quality food and drink operation. The Dining Room is located in Kirkcaldy with easy access to the nearby main access road to the town. The bar & restaurant is furnished to a very high standard and the toilets were fully refurbished in 2018. If you have the skills required to take this business to new heights, please contact the recruitment team for further information

Billy Guthrie, Business Development Manager

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