Waverley Hotel

88-94 Main Street, Callander, FK17 8BD

A WELL ESTABLISHED BUSINESS, WITH TEN LETTING ROOMS AND HIGH STREET LOCATION

The Waverley offers a great selection of cask ales (awarded Cask Marque), a wide selection of premium lagers, premium wines and an extensive selection of Scottish whiskies and gins. The restaurant offers a quality food menu inspired by the local area which includes the traditional pub favourites. Fully refurbished in 2017 this traditional Scottish inn and bar is well known and frequented by locals and visitors. During the months of April to October, Callander enjoys a huge influx of tourists and day trippers exploring this popular tourist town and the surrounding areas. The premises are well laid out ensuring a fantastic atmosphere and setting, whether you are dinning in the restaurant, just in for a quiet drink or there to watch live sport and catch up with friends. This site has a wide range of activities available including golf, fishing, shooting, walking, hiking, horse-riding, cycling and water sports. The Waverley also boasts a traditional bar area where locals and visitors mingle. RENT STEPS AVAILABLE: Months 1-3 £35,650 Months 4-6 £35,560 Months 7-9 £71,300 Months 10-12 £71,300

Location

Business Information

Annual rent

£71,300

Weekly rent

£1,371

Entry costs

£79,950

Turnover royalty

9%

Forecasted Operator Turnover

£893,715

Forecasted Operator Profit (inc machine profit)

£105,817

Forecasted Operator Machine Profit

£1,000

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Average Beer & Cider Discount*

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

A 5 year Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.

Entry costs approximately £79,950.00, 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 £50,000 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

£17,825

Fixtures & Fittings

£50,000

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£79,950

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)
2019/20 212 134 3,051
2018/19 270 1,389 5,753
2017/18 242 2,312 6,269

A successful, profitable, ready to go business comprising of a full length bar servicing a the lounge/bar area, a restaurant with an additional area for food and drink adjacent to the main lounge bar. There are ten quality en-suite letting bedrooms plus three flats which could be used as family accommodation or can be let out. There is also an external patio/astro-turf beer garden with seating for up to twenty five people. To the front of premises there is an external licenced area which will seat up to twenty people. The trade kitchen is also large and fully functional. This site has a major refurbishment in 2017.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

80

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

10

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun - Thu: 11:00 - 00:00
Fri - Sat: 11:00 - 01:00

This site is a rare opportunity where there are three private flats. Flat one consists of two bedrooms, a lounge, kitchen, bathroom and small office Flat two includes two bedrooms (one has an en-suite bathroom), a lounge and bathroom. Flat three has two bedrooms, a lounge, bathroom and kitchen.

Private Rooms

18

Lounge

Yes

Dining Rooms

0

Double Bedrooms

4

Single Bedrooms

2

Bathrooms

3

Toilets

3

Private Kitchens

2

Offices

1

Bedsits

0

BDM Portrait

The Waverley Hotel provides a fantastic opportunity for a new operator to build on the great sales being generated by this fabulous traditional Scottish inn and bar. Situated on the High street in the middle of Callander, the hotel is a brilliant site with an established offer, which can be built upon further to build future sales and profits. If you would like to discuss this excellent opportunity further, please contact our recruitment team for further information

Billy Guthrie, Business Development Manager

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