Golden Acre
10 Bowhill Terrace, Edinburgh, EH3 5QY
WELL PRESENTED BAR IN PROMINANT POSITION.
Golden Acre in Edinburgh is a 100% wet led community local, known locally for offering great entertainment and good quality bar snacks. The bar sits in an affluent area where local customers have a higher than average income. The pub has benefited from a refurbishment in 2021 and is in good order throughout.
Bar
Patio
Location
Edinburgh is the capital city of Scotland and one of its thirty-two council areas. Historically part of the county of Midlothian it is located in Lothian on the Firth of Forth's southern shore. Edinburgh is Scotland's second-most populous city and the seventh-most populous city in the United Kingdom. Spiers Bar is located in the north of the City lying east of the Royal Botanic Garden in Inverleith.
Business Information
Annual rent
£19,000
Weekly rent
£365
Entry costs
£12,500
Turnover royalty
n/a
Forecasted Operator Turnover
£275,164
Forecasted Operator Profit (inc machine profit)
£20,060
Forecasted Operator Machine Profit
£2,000
Average Beer & Cider Discount*
£144
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
1 Year Foundation Agreement. Machine income shared 50/50
Entry costs approximately £12,500, 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 £6,000. Fixtures and Fitting will be rented with weekly payments made.
Deposit
£6,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£0
Stocktaking Fee
£0
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£12,500
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 | 98 | 611 | 2,028 |
| 2022 | 55 | 371 | 1,205 |
| 2021 | 54 | 559 | 1,099 |
There is a main trading bar with a small preparation kitchen to the right-hand side of the bar and ladies and gentlemen’s toilets on the ground floor. The cellar is in the basement. Externally there is space for around six tables and on the pavement outside the pub.
Trade Bars
1
Trade Dining Areas
0
Trade Kitchens
0
Trade Food Covers
40
Trade Gardens
0
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Mon-Sat: 10:00-01:00
Sun: 12:30-01:00
No Private accommodation
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 seeking a great community operator who can be hands on within the business. Experience of a similar type of operation is important to your success. If this opportunity appeals to you, then please contact the recruitment team for more information.
Colin Lawson, Business Development Manager
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