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Flynns Boatyard, Girvan

Girvan, KA26 9HH

Your investment

£10,000

Agreement Type

Tenancy
  • Stunning coastal location
  • Superb beer garden with views over the river
  • Scope for an amazing food offering

Girvan is a fantastic seaside resort on the Ayrshire coast. Girvan is on the main arterial A77 with links to the town of Stranraer (main crossing point for goods and people from Northern Ireland), up to Glasgow/Edinburgh. The road at Flynn’s changes from 2 way traffic at the traffic lights directly outside the site to a one-way system through the town going South. The North route brings the traffic back via the harbour area. It re-joins the 2-way system at the traffic lights outside Flynns (with Flynn’s being on the left). The area still has numerous caravan sites and guesthouses in the outlying areas and will attract seasonal trade. The area also has a community leisure centre, a harbour and a seafront play area which will attract families.

Pub Layout

Flynn’s Boatyard looks in reasonably good condition as it just went through a 250k investment. It has a separate bar area and lounge area. The pub has a small bar area which could have two sets of booth tables which could seat up to four people, two round tables which could seat up to four people and one large poseur table which could seat up to eight people. There is a good-sized beer garden which faces west and will get the sun in the afternoon. It faces onto the river. It has no carpark, but there is a very large public car park about 30 yards from the pub.

The Flynns Boatyard has the potential for live sports, a food offering, live music, pool, and pub teams. There is great potential at the pub to grow the business by; attracting holidaymakers/caravan revenue, to increase the food offering and maybe introduce Sunday lunches and to catch the high volume of traffic that passes the pub.

Private Accommodation

There is no private accommodation.

 

Annual Rent: £20,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

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

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: £325 plus VAT

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

 

 

 

Admiral Taverns are looking for an experienced local licensee who knows the area. Having kitchen experience would be beneficial or a vision to hire a kitchen manager to make sure the food offer is fulfilled.

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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