Glen Lusset

67 Dumbarton Road, Old Kilpatrick, G60 5DA

A unique opportunity to take over this well established local bar and dining venue

The Glen Lusset is a family friendly community pub famous for drinks, food and entertainment. The pub is well known locally and is popular for live sport on TV (especially football). Due to its size and layout the pub can cater for private parties whilst still looking after its local and tourist customers. This site has benefited from an extensive refurbishment and is now an established business popular with passers-by and regular customers. Due to the refurbishment, the site is in splendid condition and offers a large conservatory, open plan trading space and Canalside decking area, which is a pleasant spot for drinkers during the warmer weather. Live music and events also play a large part at the Glen Lusset, with regular theme nights and entertainers on offer. The private carpark and good on street parking, also means that the Glen Lusset is well placed to attract new customers.

Location

The Glen Lusset is a family friendly community pub famous for drinks, food and entertainment. The pub is well known locally and is popular for live sport on TV (especially football). Due to its size and layout the pub can cater for private parties whilst still looking after its local and tourist customers. This site has benefited from an extensive refurbishment and is now an established business popular with passers-by and regular customers. Due to the refurbishment, the site is in splendid condition and offers a large conservatory, open plan trading space and Canalside decking area, which is a pleasant spot for drinkers during the warmer weather. Live music and events also play a large part at the Glen Lusset, with regular theme nights and entertainers on offer. The private carpark and good on street parking, also means that the Glen Lusset is well placed to attract new customers.

Business Information

Annual rent

£42,000

Weekly rent

£808

Entry costs

£56,989

Turnover royalty

8%

Forecasted Operator Turnover

£788,565

Forecasted Operator Profit (inc machine profit)

£82,354

Forecasted Operator Machine Profit

£1,250

Average Beer & Cider Discount*

Turnover

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales. • A 5 year, fixed term agreement • Basic rent plus a Turnover Royalty percentage. • Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews. • Flexible tie variations available. • Discounted price list unique to the Turnover Agreement. • Greene King is responsible for the structure of the building. • Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served at any time.

Entry costs approximately £56,989.00, 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 £31,554 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

£10,500

Fixtures & Fittings

£31,554

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£3,960

Total Entry Costs

£56,989

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)
2018/19 256 1 485
2017/18 250 245 2,518
2016/17 233 33 2,571

The trading areas comprises of a large bar/lounge with a raised area leading onto the outside terrace overlooking the canal. The bar also has a well-appointed conservatory which seats fifty-five dining covers and is used to serve meals and accommodate private functions. The beer garden is accessed via the conservatory, which seats approximately forty people.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

100

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

10

Current Premises License Opening Hours

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

There is no private accommodation.

Private Rooms

0

Lounge

No

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced operator who can take the reins of this high turnover site and continue upon its success. Greene King invested £180,000 into the Glen Lusset back in November 2017 and this has proved to be a turning point for the business. The Pub is a real chameleon venue, so if you are looking for a challenge just like this one, please do not hesitate to contact our recruitment team for further information

Sandra Donnelly, Business Development Manager

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