Strathaven

6 Waterside Street, Strathaven, Lanarkshire, ML10 6AW

Gallery

(Click to enlarge)

prev next

Pub overview

A clear sense of focus required to grow this business.

This Strathaven is in a prime location and has been an excellent business. It was completely refurbished in December 2016 to create a modern retail space that appeals to residents and visitors to the town. At first, trade was excellent and the pub was considered ‘best in town’ but a series of successive operators changed the focus and stopped selling food which was a prime component of the original offer. We are looking for a dedicated and determined operator who can re-establish the reputation of this pub and bring food sale back up to previous levels. If you wish, we can help you by introducing the Greene King Food & Supplies Service where you take advantage of our buying power to supply, menus, training, ingredients, marketing and even the crockery – which will mean you can concentrate on sales.

With additional income from 2 letting rooms and a function room, you’ll need to be on your game to juggle all aspects of this successful business and stay focused.

Please note although the rent is shown as £35,800 we are offering rent steps in the first year which are shown below:

Month 1-3- £10,000
Month 4-6- £20,000
Month 7-9- £30,000
Month 10-12- £35,800

The pub boasts open plan bar/ lounge, function room and beer garden. A new fitted kitchen was completed December 2016 and has delivered a substantive food offer which was well received by the locals. You’ll need to re-establish the food side of the business as well as manage income from entertainment, sport, drink, the private function room and letting rooms to create a balanced portfolio of revenue streams. This is an ideal pub for an experienced operator who knows how to make the most of every opportunity.

Trade space
Bars 1
Dining rooms 2
Food covers 50
Function rooms 1
Gardens 1
Trade kitchens 1
Rooms to let 2

Unusually for Scottish pub, this business offers 2 flats. The 1-bedroom flat has been recently upgraded and the 2-bedroom can be smartened up. You could sublet these to provide another income stream here. With much of the town centre property given to rented accommodation, you are in a prime location to find potential tenants.

Private space
Private Rooms 11
Lounge 2
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 2
Bathrooms 2
Toilets 2

Rent information

Annual rent £35,800 per annum
Weekly rent £688.46 per week fixed
Notes

£35,800 per annum, £688.46 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.

Please note although the rent is shown as £35,800 we are offering rent steps in the first year which are shown below:

Month 1-3- £10,000
Month 4-6- £20,000
Month 7-9- £30,000
Month 10-12- £35,800

Entry costs approx £30,685 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking & training fees, working capital and deposit (25% of head rent, minimum £6,000). *F&F cost is show as a 25% of the full cost due to an Assisted Purchase agreement being available for the right operator. Full cost is roughly £28,000.

Brokers £0 Legal £825
Deposit £8,750 Stocktaking fees £150
Fixtures & fittings £7,000 Working capital £10,000
Other costs £3,960 Total entry cost £30,685

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•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

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2017/18 81 23 647
2016/17 157 47 1,953
2015/16 116 582 470
Volume notes

Location

The bar in situated in the centre of the town of Strathaven (population 7,700) at the edge of river on Waterside Street. There is a strong provision for public transport within a short walking distance, with bus stops a short walk away serving local and regional destinations. The pub serves visitors to the town as well as residents who live on the outskirts – more than 50% of these are from Ab or C1 social class (managerial and supervisory jobs) and are around the 45-59 age groups. With many households owned outright, these are more mature professionals with a high disposable income – who would appreciate a pub offering a menu that’s a cut above the rest but still offers value for money.

Facilities

Trade bar
Dining area
Function room
Pub garden
Trade kitchen
Letting rooms

Current premises licence opening hours

Monday to Thursday 11:00hrs - 00:00hrs Friday & Saturday 11:00hrs - 01:00hrs Sunday 12:30hrs - 00:00hrs

Contact Us

Sandra Donnelly

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ We’re looking for someone who knows how to handle a multi-faceted business, someone who has the experience to earn income from every side of this pub’s offer. The business has demonstrated food sales over £3,000+ per week and with a little effort you can bring it back to these levels. ”