Steelworks
Glencairn Street, Motherwell, ML1 1TT
PREMIUM COMMUNITY BAR/DINER IN THE HEART OF MOTHERWELL
The Steelworks in Motherwell offers a quality venue for food (which represents 40% of turnover), sport and entertainment. The bar benefits from a wide range of facilities including function suite, a separate lounge diner which attracts all age groups and public bar. This is a large site with high end furnishings, therefore we are seeking for a well funded operator who can continue to grow this business. This new operator will need to continue the great food offer and entertainment programme, add sports into the mix and grow wet sales. A high quality social media presence essential should be central to this.
Bar
Function rooms
Kitchen
Location
Motherwell is a town and former burgh in North Lanarkshire, Scotland, south east of Glasgow. The pub is situated in the middle of a housing estate directly behind the town’s civic centre which houses the council offices and theatre. It is a well known local bar and diner popular with all age groups.
Business Information
Annual rent
£49,000
Weekly rent
£942
Entry costs
£46,150
Turnover royalty
n/a
Forecasted Operator Turnover
£664,321
Forecasted Operator Profit (inc machine profit)
£49,812
Forecasted Operator Machine Profit
£1,800
Average Beer & Cider Discount*
£144
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 £46150 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 £69,000. 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
£6,000
Fixtures & Fittings
£17,250
Legal Admin Fee
£850
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£20,000
Other Costs
£1,150
Total Entry Costs
£46,150
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 | 133 | 496 | 8,015 |
| 2022 | 162 | 814 | 13,409 |
| 2021 | 109 | 709 | 8,427 |
The bar consists of a large beer garden to the front of the property, kitted with high end furnishings, fire pits, TV’s and music system. There are two trading areas inside the property, bar/function room and separate lounge bar/diner.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
50
Trade Gardens
2
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
Sun-Thu: 11:00-00:00
Fri-Sat: 11:00-01:00
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
For this pub an experienced established operator who can complete in this competitive area is essential. They will need to be well funded and familiar with the demographics of the local area to thrive. A high standard food offer, diverse entertainment programme and sport will all need to play a central role.
Sandra Donnelly, Business Development Manager
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