Tailrace

Riverside Road, Kinlochleven, PH50 4QH

A WELL ESTABLISHED BUSINESS, IN A STUNNING WEST HIGHLAND LOCATION

The Tailrace is located within the beautiful scenery of Kinlochleven and Glencoe, providing a seasonal business for both local residents and tourists to enjoy. The iconic West Highland Way Walk passes through the Village and leads to Fort William, with the Tailrace often the final overnight stop before walkers take on the final leg of their journey. The premises provide a varied offer, with a buzzing public bar bustling with locals socialising and discussing current affairs and sport around the roaring log fire. The lounge dining area offers comfortable surroundings for those tourists and locals to enjoy a meal from the traditional Pub menu, featuring Scottish classics. The six letting rooms also provide a relaxing stay for visitors to the area. The site is in excellent condition having benefitted from a recent refurbishment, this is an exciting opportunity for a new operator to take this Pub to the next level

Location

Business Information

Annual rent

£56,000

Weekly rent

£1,077

Entry costs

£51,150

Turnover royalty

n/a

Forecasted Operator Turnover

£489,485

Forecasted Operator Profit (inc machine profit)

£57,354

Forecasted Operator Machine Profit

£3,000

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Average Beer & Cider Discount*

£108

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £51,150 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 £25,000 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

£14,000

Fixtures & Fittings

£25,000

Legal Admin Fee

£850

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£51,150

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 133 4 0
2018/19 179 7 0
2017/18 170 28 0

The trade area consists of one large main lounge bar area with generous dining space for up to fifty plus diners with plenty room around the bar area for social drinking, as well as a breakfast room/additional dining/restaurant area for around twenty people. There are also six letting bedrooms all with en-suite facilities. Externally there is a licensed patio area with benches and tables, which can seat around thirty six people, there are car parking for six vehicles

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

70

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

6

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

6

Current Premises License Opening Hours

Mon - Sat: 11:00 - 01:00
Sun: 12:00 - 01:00

There is on site accommodation comprising of a lounge, two bedrooms, a kitchen and bathroom, suitable for a husband and wife team with up to two children

Private Rooms

6

Lounge

Yes

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced operator or even a Husband and Wife team with some hospitality experience who could really drive profit from this stunning site. The business is well established and would focus from a team with real passion and desire to focus on delivering outstanding customer service. If this could be the right business for you, then please contact our recruitment team for further information

Billy Guthrie, Business Development Manager

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