Under Offer

Thistle Street Bar

39 Thistle Street, Edinburgh, Midlothian, EH2 1 DY

Gallery

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Pub overview

Fantastic Edinburgh city centre business.

The Thistle Street Bar is a great example of a traditional Scottish pub with the added benefit of being situated in the heart of Edinburgh city centre, with a great drinks offer with cask ales and craft keg products complimented by an extensive range of premium spirits. The small kitchen has enough flexibility to produce some well thought out snacks and the beer garden to the rear has been well thought out as an attraction for customers during the summer months.

The pub comprises main bar with toilets to the rear and also a small kitchen, outside the back of the property is a small beer garden.

Trade space
Bars 1
Food covers 15
Gardens 1
Trade kitchens 1

The pub has no private accommodation

Private space

Rent information

Annual rent £48,000 per annum
Weekly rent £923.08 per week fixed
Notes

£48,000 per annum, £923.07 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £25,775 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £0 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £10,000 Working capital £5,000
Other costs £3,800 Total entry cost £25,775

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)
2017/18 231 11 3,069
2016/17 242 63 3,096
2015/16 254 242 4,135
Volume notes

Location

Thistle Street sits just behind the fashionable and affluent area of George Street in Edinburgh and is frequented by a broad ranging clientele.

Facilities

Trade bar
Pub garden
Trade kitchen

Current premises licence opening hours

Monday- Sunday- 11.00- 01.00

Contact Us

Paul Wishart

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Thistle Street Pub is situated behind the fashionable George Street in Edinburgh city centre, this fantastic example of a traditional Scottish pub is frequented by a broad ranging clientele due to its location, the pub benefits from a neatly created beer garden to the rear and also has a small kitchen which can deliver well thought out snacks. This is a great pub and a fantastic opportunity for the right person. ”