Victoria Inn & Avenue Restaurant
9 Court Street, Haddington, East Lothian, EH41 3JD
Bar and Restaurant with full refurbishment to Premium Restaurant style for a new operator. This agreement comes with up to £200 off invoice beer discount.
The Victoria is a well established bar and restaurant in the very centre of Haddington. Also featuring letting bedrooms this is an ideal site and location for an experienced operator to grow this business. We have also prepared an investment which is fully signed off and ready to go within a few months of having a new operator in place. This business would be ideally suited for a chef looking for a stunning site in a good location in which to showcase his or her skills.
On arriving into the Victoria there will be a bistro style bar ideal for friends meeting to share a bottle of wine or enjoy the range of premium gin. Upstairs is the restaurant which will be finished to a high standard, perfect for special weekend dinners, romantic nights, or family occasions. The kitchen is also at this level and is of superb standard. Letting bedrooms are to the first and second floor.
|Rooms to let||5|
There is no private accomodation
|Annual rent||£36,000 per annum plus 7.0% Turnover Royalty|
£36,000.00 per annum, £692.31 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £27,775 which includes fixtures and fittings (25% payment of £10,000 with the remainder available to purchase on an assisted purchase scheme), stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). £800 of this is for compulsory training
|Fixtures & fittings||£10,000||Working capital||£10,000|
|Other costs||£800||Total entry cost||£27,775|
Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The market town of Haddington is set amongst agricultural country in East Lothian, situated snugly under the Garleton Hills on the banks of the River Tyne. It has a population of around 8500 people and is 17 miles from Edinburgh. It is a popular town in East Lothian for visitors and for residents of other nearby towns.
Agriculture has long been the basis for Haddington’s prosperity. Today people still enjoy taking part in the Haddington Farmers’ Market, which takes place on the last Saturday of every month. The town has a good mixture of shops including many independent retailers, cafes and restaurants. St Mary's Church, which dates from the 14th century, is one of the three great pre-reformation churches in the Lothian’s and the largest parish church in Scotland. Nearby is Traprain Law, the site of an old Iron Age Fort and Hailes castle located on the banks of the river Tyne now managed by Historic Environment Scotland