Ship Inn

7-9 Quality Street, North Berwick, EH39 4HJ

An exciting opportunity awaits, to take on this well established and popular Pub

The Ship Inn represents a fantastic opportunity for an established operator to take over this solid business situated in the key "commercial" area in beautiful north Berwick. The pub comprises of a one room bar /diner with beer garden to the rear of the property and outside drinking space at the front. There is a large commercial kitchen which can cater for one hundred covers and exceeds these numbers in the busy summer months. The Ship Inn is located in a prime main street location and is a firm favourite with locals and tourist alike . This business is a real chameleon offering great local food, premium drinks, live sport and Entertainment.

Location

The Ship Inn represents a fantastic opportunity for an established operator to take over this solid business situated in the key "commercial" area in beautiful north Berwick. The pub comprises of a one room bar /diner with beer garden to the rear of the property and outside drinking space at the front. There is a large commercial kitchen which can cater for one hundred covers and exceeds these numbers in the busy summer months. The Ship Inn is located in a prime main street location and is a firm favourite with locals and tourist alike . This business is a real chameleon offering great local food, premium drinks, live sport and Entertainment.

Business Information

Annual rent

£55,500

Weekly rent

£1,067

Entry costs

£48,695

Turnover royalty

n/a

Forecasted Operator Turnover

£664,216

Forecasted Operator Profit (inc machine profit)

£55,792

Forecasted Operator Machine Profit

£1,500

Average Beer & Cider Discount*

Blended £72

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement •Tie : Beer, lager, Cider and Minerals •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Flexible pricing options available •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

Entry costs approximately £48,695.00, 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 £20,000 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

£13,875

Fixtures & Fittings

£20,000

Legal Admin Fee

£850

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£3,820

Total Entry Costs

£48,695

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)
2018/19 350 1 10,624
2017/18 344 72 11,979
2016/17 341 62 11,498

The bar consists of one room accommodation, offering, food, drink, sport and entertainment. There is also a fully licenced beer garden to the rear and licensed outside seating area to the front of the property.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

Yes

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

Sun - Wed: 11:00-23:00
Thu - Sun: 11:00 - 01:00

No private accomodation at this site

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 looking for an experienced food orientated operator and preferably a sound knowledge of the local area. This fantastic business, offers a rare opportunity to take over a well established and successful food and drink operation situated in the popular Quality Street, North Berwick. If you are looking for an opportunity just like this, then please contact the recruitment team for further information

Sandra Donnelly, Business Development Manager

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