Harty's at the Junction
37 Whifflet Street, Coatbridge, ML5 4EN
A SMARTLY PRESENTED PUB OFFERING AN EXCITING OPPORTUNITY.
The Junction Bar at Coatbridge, is a large well appointed bar, lounge and beer garden, lying to the east of Glasgow. A significant investment to refurbish the pub was carried out in 2018 and the pub still looks the part today. The pub offers three distinctive areas, which provide flexible trading space and a large commercial kitchen. Currently trading at a sales split of 80/20 in favor of food, we envisage the future of the site to go in a more drinks led direction, led my a great local operator who can introduce events, TV sport and entertainment whilst maintaining a more moderate food offer. Capturing the imagination of the locals will be crucial to your success, so local knowledge, great connections and a distinct social media presence will be crucial to your success.
Function rooms
Garden
Kitchen
Meeting rooms
Location
Coatbridge is a town in North Lanarkshire, Scotland, about 8.5 miles east of Glasgow city centre, set in the central Lowlands. The Junction Bar is located on the Whifflet, the main street leading into the centre of Coatbridge and lies directly across the road from the railway station. The pub is in a key location and already well known in the area and beyond.
Business Information
Annual rent
£27,000
Weekly rent
£519
Entry costs
£17,650
Turnover royalty
n/a
Forecasted Operator Turnover
£475,630
Forecasted Operator Profit (inc machine profit)
£28,122
Forecasted Operator Machine Profit
£1,000
Average Beer & Cider Discount*
£180
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
1 Year Foundation Agreement. Machine income shared 50/50
Entry costs approximately £17,650, 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
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£17,650
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 | 39 | 1,333 | 8,300 |
| 2022 | 47 | 1,703 | 8,074 |
| 2021 | 35 | 1,241 | 6,250 |
The pub is a large well-appointed space consisting of a large restaurant, separate snug and bar area, as well as a beer garden to the rear of the premises. This s a great space to hold events and supply packages (currently suppling packages for the big music events in Glasgow & Edinburgh)
Trade Bars
2
Trade Dining Areas
3
Trade Kitchens
1
Trade Food Covers
120
Trade Gardens
1
Trade Patio Areas
0
Trade Rooms to Let
0
Meeting Rooms
1
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Sun-Thu: 11:00-00:00
Fri-Sat: 11:00-01:00
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 seeking an experienced operator, preferably with local knowledge, who is capable of moving the segment this pub currently sits in to make it a more wet lead business with food offering. The ability to utilize the different trading spaces the pub has to offer will be important as you adapt the offer, towards accommodating more drinkers and events, whilst retaining the core customer base who use the pub for a decent meal out.
Sandra Donnelly, Business Development Manager
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