Run a Star Pub - Meadows Tap Edinburgh - Edinburgh

Star Pubs Leased & Tenancy; City of Edinburgh; On-site; GBP 25,000; Full time

Job summary

A leading pub management company offers an incredible opportunity in Edinburgh for a tenant to manage a pub. You will be responsible for creating an engaging atmosphere, developing a strong food and drink menu, and driving trade. Ideal candidates will understand the local community and have a passion for hospitality. Apply today to shape the pub's next chapter.

Benefits

Foundation Tenancy

Catering Kitchen

Qualifications

• Experience in hospitality is preferred.
• Ability to drive trade through innovative ideas.

Responsibilities

• Develop a strong food & drink offer.
• Drive trade via live entertainment, sports, and games.

Skills

Understanding of the local community

Ability to build a successful business

Great with customers

Job description

Pub Overview

Amazing opportunity in the heart of Edinburgh.

What would you do with this pub to make it a success?

The area

The Meadows Tap is located in the city of Edinburgh, close to George Square Gardens, the Holyrood Distillery and the Meadows. The pub is surrounded by shops, food and retails outlets and mixed housing.

Demographics

This pub enjoys a prime position as one of just 24 establishments within a 10-minute walk serving a local population of approximately 15,000 adults. The core customer base consists largely of full-time professionals and students, offering strong and consistent footfall throughout the week.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a strong food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live entertainment, live sports and pub games machines. It offers a selection of a pub classic menu, coffees, and popular beers, ciders, wines and spirits.

We’re always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with customers

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

• Foundation Tenancy
• Catering Kitchen

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• 50 internal covers
• Fully equipped kitchen
• SmartDispense

Private Accommodation

The pub has no private accommodation.

Pub Financials

Estimated Total Ingoing Costs

£20,055

Estimated Minimum Ingoing Costs

£6,018

Annual Rent

£24,220

Estimated Annual Turnover

£376,577

Deposit

£6,055

Estimated Fixtures & Fittings Value

£10,000

Estimated Stock Valuation

£500

Estimated Working Capital

£3,500

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow