Islay Inn

1260 Argyle Street, Glasgow, G3 8TJ

TRADITIONAL SCOTTISH PUB

The Islay Inn, Glasgow operates as a traditional Scottish pub, with live music (Scottish folk bands and fiddles), live sport and traditional Scottish food. This is unique in the local area and this successful theme should be continued and built upon. The pub is popular with locals, tourists, live music lovers and students. The Islay is local to the Kelvin Bandstand, SECC and Hydro so these event venues provide a great opportunity to pick up passing trade, The new operator will need to understand the local demographics and competition and build upon everything that is great about this pub. We are planning an investment to refurbish the pub in early 2023 so the new partner will also need to be willing to participate in this.

Location

Lying east of Glasgow City Centre, the Islay Inn offers a prominent roadside position on a busy 4 way junction. The pub is a short distance from the city centre.

Business Information

Annual rent

£50,900

Weekly rent

£979

Entry costs

£8,750

Turnover royalty

n/a

Forecasted Operator Turnover

£717,349

Forecasted Operator Profit (inc machine profit)

£51,518

Forecasted Operator Machine Profit

£589

Average Beer & Cider Discount*

£108

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation. Machine income is shared 50/50

Entry costs approximately £8,750.00, 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 £2,000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£2,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,250

Total Entry Costs

£8,750

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 2020 & 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)
2021 114 761 4,781
2020 101 497 3,911
2019 313 1,831 7,329

The trading space comprises an open plan lounge bar with three distinct zones, one of which is raised. There is a good size commercial kitchen and pavement licence.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

60

Trade Gardens

0

Trade Patio Areas

0

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-Sun: 11:00-00:00

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

BDM Portrait

I am seeking an experienced operator for this excellent traditional Glasgow pub. The Islay Inn is known for quality Scottish fayre and live music, so the new operator will need to know how to successfully continue and build upon these solid foundations. For further information, please contact our recruitment team.

Sandra Donnelly, Business Development Manager

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