Stables

Mount Gerald, Stenhousemuir, Larbert, FK5 4XA

An established, community business, with potential for further growth

The Stables is a well known community focused food and drink site, with a bustling public bar where locals debate current issues and trends whilst watching live sport on TV or playing pool. The restaurant/lounge has a reputation for serving great wholesome pub food, with friends and families making it their favourite place to meet, eat and enjoy the friendly atmosphere. In the local area, the Stables has limited competition and is located in a residential area. Internally the Pub is well presented and welcoming. There is also the additional revenue stream of a function/meeting room, giving the Stables the ability to generate income in various ways

Location

The Stables is a well known community focused food and drink site, with a bustling public bar where locals debate current issues and trends whilst watching live sport on TV or playing pool. The restaurant/lounge has a reputation for serving great wholesome pub food, with friends and families making it their favourite place to meet, eat and enjoy the friendly atmosphere. In the local area, the Stables has limited competition and is located in a residential area. Internally the Pub is well presented and welcoming. There is also the additional revenue stream of a function/meeting room, giving the Stables the ability to generate income in various ways

Business Information

Annual rent

£48,000

Weekly rent

£923

Entry costs

£53,020

Turnover royalty

n/a

Forecasted Operator Turnover

£624,157

Forecasted Operator Profit (inc machine profit)

£53,396

Forecasted Operator Machine Profit

£5,500

Average Beer & Cider Discount*

Blended £126

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement • Tie variations available • 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 approx £53,020 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, training fees, working capital and deposit.

Deposit

£12,000

Fixtures & Fittings

£28,750

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,295

Total Entry Costs

£53,020

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)
2018/19 226 660 13,046
2017/18 222 888 12,456
2016/17 238 1,112 10,820

There is a traditional public bar with a pool table, jukebox and TV screens showing live sports. Additionally, there is also a large restaurant/lounge with an additional restaurant/function room adjacent. Externally there is a licenced patio to the rear and the front, with a good size beer garden, children’s play area to the rear. There is also a well sized car park, with spaces for over twenty vehicles

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

80

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

Yes

Function Rooms

Yes

Customer Car Park Spaces

20

Current Premises License Opening Hours

Mon-Thu: 11:00-00:00
Fri-Sat: 11:00-01:00
Sun: 12:30-00:00

No private accomodation

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 community focused operator, looking for a new challenge. This is an established business which operates at the heart of the local community. For the right applicant, we would consider a transformational refurbishment scheme, to provide the platform for further sales growth. If this is the right opportunity for you, then please contact our recruitment team for further information

Billy Guthrie, Business Development Manager

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