Islay Inn
1260 Argyle Street, Glasgow, G3 8TJ
TRADITIONAL SCOTTISH PUB
The Islay Inn, Glasgow is a well known west end bar, located in the popular Finnieston area. The bar specialises in live music, offers a large whisky selection and hearty Scottish food. This site requires an experienced operator who can maintain the Scottish music theme associated with this bar, operate a busy kitchen and grow sales via tourism, visitors to the live music venues and the many locals living in and around this area. The new operator will re- open the kitchen (as it is not currently trading), train their team (Whisky knowledge imperative) and grow sales in this landmark site.
Bar
Dining areas
Kitchen
Patio
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
£63,000
Weekly rent
£1,212
Entry costs
£42,875
Turnover royalty
n/a
Forecasted Operator Turnover
£775,422
Forecasted Operator Profit (inc machine profit)
£64,816
Forecasted Operator Machine Profit
£2,100
Average Beer & Cider Discount*
£108
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
Scottish Tenancy Agreement. A fixed 3 year term. Machine income shared 50/50.
Entry cost is approximately £42,875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20,000. 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
£15,750
Fixtures & Fittings
£5,000
Legal Admin Fee
£825
Broker Fee
£0
Stocktaking Fee
£150
Working Capital
£20,000
Other Costs
£1,150
Total Entry Costs
£42,875
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. 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 | 278 | 0 | 11,566 |
| 2022 | 294 | 1,573 | 12,265 |
| 2021 | 114 | 781 | 4,781 |
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
50
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-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
The Islay Inn would suit an experienced operator familiar with this area of Glasgow. I am looking for someone to maintain the ethos of this great traditional pub (Scottish theme music & food) and build on the current sales by ensuring the kitchen is open 7 days, and tapping into the tourist and concert market on their door step.
Sandra Donnelly, Business Development Manager
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