Tannahills
100 Neilston Road, Paisley, PA2 6EN
100% WET LED COMMUNITY LOCAL
Tannahills is a well known local bar known for sports and entertainment. The bar is totally wet led as there is no facility to cook or prepare food at the premises. The new operator should continue the community bar ethos, sports and entertainment but manage cost and work the business themselves. This bar is too small to support a manager. It is important the new operator widens the appeal and accommodates younger clientele and evolves this landmark pub.
Bar
Location
Paisley is the largest town in the historic county of Renfrewshire in the west central Lowlands of Scotland and serves as the administrative centre for the Renfrewshire council area. The town is on the northern edge of the Gleniffer Braes, straddling the banks of the White Cart Water, a tributary of the River Clyde. The pub is situated in Neilston Road, Paisley, a busy main road with many shops, restaurants small businesses and housing. The pub is a 10min walk from the main shopping centre with direct links to Glasgow city centre.
Business Information
Annual rent
£20,000
Weekly rent
£385
Entry costs
£24,125
Turnover royalty
n/a
Forecasted Operator Turnover
£294,528
Forecasted Operator Profit (inc machine profit)
£29,015
Forecasted Operator Machine Profit
£1,078
Average Beer & Cider Discount*
£180
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 costs approximately £24,125 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 £6,000 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
£6,000
Fixtures & Fittings
£6,000
Legal Admin Fee
£825
Broker Fee
£0
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£24,125
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 | 187 | 11 | 3,348 |
| 2022 | 200 | 37 | 3,743 |
| 2021 | 86 | 0 | 1,750 |
This is a small open plan bar & lounge separated by a central bar in the middle of the room. Named after the old tanneries in Paisley, the bar has a long standing history in the community were generations have met with family and friends to watch sport and catch up over a few drinks.
Trade Bars
1
Trade Dining Areas
0
Trade Kitchens
0
Trade Food Covers
0
Trade Gardens
0
Trade Patio Areas
0
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
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 private accommodation at this 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
Tannahills would suit a local operator who understands the area, marketplace and competition in the town. Experience of running a community bar would be beneficial as well as being open to developing the current offer to expand the appeal.
Sandra Donnelly, Business Development Manager
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