Run a Star Pub - Waverley Hotel Bonnyrigg - Bonnyrigg

Star Pubs Leased & Tenancy; Bonnyrigg; On-site; GBP 30,000 - 55,000; Full time

Job summary

A leading company is seeking a Pub Manager for the Waverley Hotel in Bonnyrigg, a refurbished venue with letting rooms and a focus on community engagement. This is an exciting opportunity to transform a well-located pub into a thriving business, incorporating a modern bar food menu and activities to attract guests.

Benefits

Opportunity for personal investment

Community engagement through events

Potential income from letting rooms

Qualifications

• Experience in pub management and hospitality.
• Ability to create engaging customer experiences.
• Skills in finance management for business operations.

Responsibilities

• Manage the daily operations of the pub post-refurbishment.
• Oversee the development of the food and drinks menu.
• Engage with the local community to enhance customer base.

Job description

Pub Overview

Exciting refurbishment planned for a great community led pub with eight letting rooms.

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

The area

We’re investing in transforming the Waverley Hotel in Bonnyrigg, Midlothian, just seven miles from Edinburgh. Located prominently on a main road approaching the centre of Bonnyrigg, and close to Bonnyrigg Rose FC, The Waverley Hotel will offer good quality facilities for both residents and visitors to the area. With new housing developments nearby - younger families are moving in - and over 13,000 people living within a short walk of the pub, the local Customer base is broadening. The pub, once refurbished, will provide an opportunity to create a good quality daytime & evening Bar Food Offer, alongside an exciting range of Drinks. Eight ensuite Letting Bedrooms provide an additional income stream in an area where accommodation is in demand.

The offer

The refurbishment will give the Waverley Hotel a modern, comfortable & welcoming feel, with updated décor and improved lighting. Externally, the refreshed look will boost its kerb appeal. A great value Drinks Offer, with an exciting range of draught beers & ciders, premium spirits & classic wines will be complemented by a selective Menu of Pub Favourites, and regular activities including Televised Sport, Live Entertainment at Weekends, and a Quiz Night. The appeal and opportunity at the Waverley Hotel is enhanced by a spacious Beer Garden with 30+ covers, and the income potential from the eight Letting Bedrooms.

The Waverley Hotel is available on our foundation tenancy agreement. Click here for more information on this agreement .

Features

• Refurbishment Planned
  
• Letting Rooms
  
• Live Sports
  
• Outdoor Trade
  
• Pub Games
  
• Investment Tenancy
  

Trading Area & Facilities

The Waverley Hotel will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pubs trading area and facilities post refurbishment will be:

• Main trading area with bar
• 30 internal covers
• 50 external covers
• 8 letting rooms.
• Beer garden
• On street parking
• Smart Dispense
• Catering Kitchen

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

This pub has no private accommodation.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£47,746

Estimated Minimum Ingoing Costs

£47,746

Annual Rent

£38,983

Estimated Annual Turnover

£472,412

Deposit

£9,746

Estimated Fixtures & Fittings Value

£27,000

Estimated Stock Valuation

£7,500

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
• Refurbishment Details Download arrow