Victoria Inn & Avenue Restaurant

9 Court Street, Haddington, East Lothian, EH41 3JD

Pub overview

Desirable town centre site in Haddington. *This agreement comes with an average £108 off invoice discount on draught beer and cider*

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.

On arriving into the pub you walk into a warm and friendly bar and dining area. Upstairs is the restaurant and kitchen along with letting bedrooms. The restaurant area can also be used for small functions or meetings

Trade space
Bars 1
Dining rooms 2
Food covers 65
Function rooms 1
Trade kitchens 1
Rooms to let 5
Patio areas 1

There is no private accomodation

Private space

Rent information

Annual rent £36,000 per annum
Weekly rent £692.31 per week fixed
Notes

£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 £22,800 which includes fixtures and fittings (25% payment of £5,000 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

Brokers TBC Legal £850
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £5,000 Working capital £10,000
Other costs £800 Total entry cost £22,800

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)
2016/17 77 393 156
2015/16 72 849 1,317
2014/15 78 1,015 1,038
Volume notes

Location

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

Facilities

Trade bar
Dining area
Function room
Trade kitchen
Letting rooms
Trade patio

Current premises licence opening hours

Monday - Wednesday - 10.00am - 12 Midnight Thursday - Saturday - 10.00am - 01.00am Sunday 11.00am - 12 Midnight

Contact Us

Elaine Kennedy

Operations Manager

Call us today 01284 714 497

Apply online
“ This is a superb site in a fantastic location in the very centre of Haddington. The Victoria is an established business with further opportunity for growth. There is a ground floor bar and dining area, an upstairs restaurant along with letting bedrooms, plus tables and chairs are permitted externally. ”