Mercat Bar
28 West Maitland Street, Edinburgh, EH12 5DX
A SUPERB CITY CENTRE PUB.
The Mercat in Edinburgh is a well presented, popular bar seeking a new identity. The bar trades at 70/30 in favour of drinks, but has an excellent kitchen and a great food menu can be implemented and developed. The bar attracts a great mix of customers, from Rugby fans visiting the nearby Murrayfield and locals of the nearby Gorgie and West End. You'll also benefit from the passing trade of commuters from Haymarket train station and the student population. The Mercat has a bright future if the correct retail offer can be implemented and convey a clear identity to customers. The local area is in a phase of major development and traffic, footfall and population will grow rapidly in the coming years.
Dining areas
Function rooms
Kitchen
Location
Located in the middle of West Maitland Street, Haymarket, the bar is situated a few moments walk from the very busy Haymarket railway station.
Business Information
Annual rent
£26,000
Weekly rent
£500
Entry costs
£12,650
Turnover royalty
n/a
Forecasted Operator Turnover
£308,925
Forecasted Operator Profit (inc machine profit)
£25,886
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
£126
Type of Tie
Partial tie: Tied All Beer, All Cider & Minerals
Agreement
1 Year Foundation Agreement.
Entry costs approximately £12,650, 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
£5,000
Other Costs
£1,150
Total Entry Costs
£12,650
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 | 48 | 0 | 686 |
| 2022 | 96 | 0 | 1,581 |
| 2021 | 65 | 0 | 641 |
The bar has a long and narrow bar area at street level with a downstairs bar and function room.
Trade Bars
2
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
70
Trade Gardens
0
Trade Patio Areas
0
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Mon-Sun: 09:00-01:00
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 operator who has traded well in central Edinburgh. You'll need to show a clear retail offer with a simple message and a developed identity for the business. If this opportunity excites, then please contact the recruitment team for further information.
Colin Lawson, Business Development Manager
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