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Central Bar, Inverkeithing

Inverkeithing, KY11 1NL

Your investment

£2,000

Agreement Type

Tenancy
  • Start up rent of £10 per week.
  • Total ingoing costs of £2,000.
  • Refurbishment planned on completion of a long term agreement.

 

The Central Bar benefits from a prominent position on the high street with a large double frontage as well as being convenient for the local shopping area and night time circuit. Lay on the Fife costal path, one of Scotland’s great trails, Inverkeithing is a busy commuter hub, benefiting from its railway station which is a main stop for trains on the Fife circle line, located approximately 9 miles north from Edinburgh Airport and about 4 miles from the centre of Dunfermline.  Modern Inverkeithing is a developing town which offers bus connections across the Forth and to the rest of Fife.

Pub Layout

The Central Bar is a single bar operation with a large, flexible lounge bar area alongside. With large front doors leading onto the main street of Inverkeithing, this bright , colourful bar area complete with pool table and dart board provides a perfect city centre feel. The lounge area alongside benefits  from seating booths making this suitable for small functions and live music events.

The Central Bar trades wet led only and benefits from live and recorded music at weekends. It is highly regarded as part of the weekend circuit in town.

There is no private accommodation at this site.

Annual Rent: £15,813.oo

  • Initial start up rent of £10 per week for 12 weeks (negotiable terms to be discussed with the BDM)
  • 6 weeks no business insurance charges
  • 6 weeks no maintenance charges

Security Deposit: £500

Working Capital: £1,000

Stock:£ 500

F&F: TBC (Funding options may be available)

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

This site would ideally suit an energetic and community spirited licensee who can combine the weekend potential of this site as well as drive daytime trade to suit this busy high street.

An individual/couple with local knowledge who can put their own ideas into the business, attract customers from further afield,  have a strong marketing plan and have the desire to grow the business in ensuring it stays part of a circuit, can drive footfall and embedding yourself in the main pub life to make this the “go to” pub for the local community.

Major internal & external refurbishment planned for the right licensee operating on a long term agreement. This includes decoration throughout the pub with the addition of wall coverings, new flooring and seating recovered.. The toilets are to be fully refurbished. The flats upstairs are to be redecorated and externally the front of the pub will be redecorated and have new signage.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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