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Five Ways, Glasgow

Glasgow, Lanarkshire G31 4EU

Your investment

£10,000

Agreement Type

Tenancy
  • Prominent high street location
  • Multi income streams with an amazing function room
  • Sports driven

Five Ways is located in Gallowgate, a neighbourhood of the city of Glasgow with regular bus and train links to the city centre and East-end Glasgow. Located on the main road, just a stones throw away from the famous Celtic Park – home of Celtic Football Club, this pub is a true community local, situated on the high street in close proximity to local shops, takeaways and the Forge shopping centre.

Pub Layout

Five Ways is a two bar operation – a main bar and a function room. The main bar area has the bar to the left of the entrance along the side wall. The fixed and loose seating surround the other walls leaving an open floor space suitable for main high street footfall and football fans. The function room, with its separate entrance, is located at the back of the building and can seat approximately 100 people, It has its own dance floor with a bar adorning the wall opposite the entrance, it has a mixture of fixed and loose seating, tastefully decorated and perfect for a private function and live entertainment.

Located on a busy high street this wet only opportunity presents a huge opportunity for the right operator to exploit all of the many income streams this pub can provide. Extension of current opening hours, providing mid-week live televised sport and driving a regular quality entertainment program as well as exploiting the currently under utilised function room with private events will see a huge increase in footfall and sales.

 

Private Accommodation

There is no private accommodation at this site.

Annual Rent: £22,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

F&F: TBC – Funding options may be available for the right licensee

Training: £325 plus VAT

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

 

The successful applicant will have a professional outlook on both life and the business, they will have the ability to nurture the current trade and develop new opportunities. By doing so they will enter into the heart of the local community, which will be key to driving footfall and sales, promote the premium drinks offer in place and will have a vision to using the function room as this is a huge opportunity to grow their business.

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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