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
Bar
Dining areas
Kitchen
Patio
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
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
Average Beer & Cider Discount*
Blended £108
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 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.
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2018/19 | 179 | 7 | 0 |
| 2017/18 | 170 | 28 | 0 |
| 2016/17 | 178 | 137 | 4,232 |
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
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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