Henricks

1 Barclay Place, Edinburgh, EH10 4HW

Fantastic Edinburgh bar and restaurant with reputation for excellent food, wines and cocktails

Henricks is a well established business in the centre of Edinburgh which has built a good reputation as a place to dine when visiting the local theatre or to relax with friends when having a meal. The business is situated just a short walk from Lothian Road and only a few doors away from the Kings Theatre, in the locality there are several other bars and restaurants as well as many privately owned and rented houses and flats. Henricks has been developed as a premium business with the drinks, food and service all in line with this, the business would suit a hands on operator who has a solid understanding of how to run a quality food and drinks business, due to the volume of sales which are generated from the local theatre, experience of how to deliver quality service whilst ensuring a quick turnaround would be an advantage. Edinburgh is a bustling and vibrant city which is steeped in history so something is always going on, with this in mind the city benefits from a huge number of tourists from all over the country and further a field, also the university ensures a good population of students and with Murrayfield stadium the city benefits from both Scotland rugby internationals and concert events throughout the year.

Location

Henricks is a well established business in the centre of Edinburgh which has built a good reputation as a place to dine when visiting the local theatre or to relax with friends when having a meal. The business is situated just a short walk from Lothian Road and only a few doors away from the Kings Theatre, in the locality there are several other bars and restaurants as well as many privately owned and rented houses and flats. Henricks has been developed as a premium business with the drinks, food and service all in line with this, the business would suit a hands on operator who has a solid understanding of how to run a quality food and drinks business, due to the volume of sales which are generated from the local theatre, experience of how to deliver quality service whilst ensuring a quick turnaround would be an advantage. Edinburgh is a bustling and vibrant city which is steeped in history so something is always going on, with this in mind the city benefits from a huge number of tourists from all over the country and further a field, also the university ensures a good population of students and with Murrayfield stadium the city benefits from both Scotland rugby internationals and concert events throughout the year.

Business Information

Annual rent

£25,000

Weekly rent

£481

Entry costs

£37,875

Turnover royalty

n/a

Forecasted Operator Turnover

£328,906

Forecasted Operator Profit (inc machine profit)

£24,389

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Blended £180.00

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £37,875.00, 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 £22,000 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

£6,250

Fixtures & Fittings

£22,000

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£7,500

Other Costs

£1,150

Total Entry Costs

£37,875

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 54 19 1,663
2017/18 61 32 2,461
2016/17 72 78 1,532

Premises comprises main bar area with seating areas suitable for diners, a small enclosed licenced patio area to the rear with trade kitchen in the basement.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Mon - Sat: 09.00-01.00
Sun: 11.00-01.00

The site has 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 searching for a hands on operator with a flair for locally sourced produce and a strong understanding of wines and spirits. Henricks is best known for quality food, wines and cocktails with frequent business being generated from the local theatre and a good reputation within the local community. If you feel this is the opportunity you have been waiting, please contact our recruitment team for further information.

Paul Wishart, Business Development Manager

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