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G41, Glasgow

Glasgow, G413YR

Your investment

£11,000

Agreement Type

Tenancy
  • Fantastic high street location
  • Beautifully decorated inside
  • Scope to drive the business

 

Situated in the historic suburb of Shawlands, Glasgow, approximately 2 miles south of the River Clyde, G41 is located in the middle of Kilmarnock Road. The area, considered the “Heart of the Southside” is known for its independent restaurants, cafes, bars and art scene promoting it as one of the coolest neighbourhoods or the city’s best are to live and socialise.
This penthouse style building creates the industrial feel with exposed brick walls, cosy booths and urban decor giving it a diverse audience, located within the busy drinking circuit of this up and coming area. With direct bus routes frequently running from Glasgow city centre, close links to the M77 and M8 motorways and within walking distance of three railway stations this area is accessible enhancing it as one of the areas social scenes to visit.

Pub Layout

The internal trade space covers two floors. The ground floor is adorned with cosy booths and snugs alongside high tables and chairs giving that modern chic, industrial feel along with a mezzanine floor above. The ground floor is home to the main bar area and stage area with TV’s adorning the walls advertising regular drinks overs. The mezzanine area is a fantastic space complete with a mixture of benched and loose low level seating, complimented by high tables looking out over the main road. A good size catering kitchen lends itself to catering up to 60 people which alongside the mezzanine area could provide an area for private functions.

G41’s current trading strategy focuses on operating primarily as a wet site, emphasizing its beverage offerings while also providing a limited selection of small plate foods. The venue’s appeal to a younger audience is bolstered by its trendy, industrial-themed penthouse aesthetic. This design choice not only attracts a diverse clientele but also keeps the atmosphere vibrant and dynamic. The mezzanine area is a key asset, serving as a versatile space that can be utilized for private events, thus enhancing the venue’s business potential. The overall retail offering is meticulously crafted, with high-quality décor and furnishings playing a crucial role in creating an inviting and stylish environment that aligns with the venue’s brand image.

 

Private Accommodation

There is no private accommodation at this site.

Annual Rent: £25,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £3,000

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

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.

G41 would greatly benefit from the expertise of a fully funded, multi-skilled licensee capable of maximizing trade from both the bar and a well-curated menu. The ideal applicant will have the experience and vision to unlock the growth potential of this business by leveraging its unique offerings and engaging with the local community. A deep understanding of the bar’s beverage offerings and the ability to curate a menu that complements the venue’s vibe, a strong commitment to building relationships within the local community, fostering and utilizing the mezzanine area effectively for private events, thereby adding an additional revenue stream and increasing the site’s overall appeal are key. Developing and implementing a detailed marketing plan to attract and retain customers including traditional marketing strategies as well as being proactive and adept in using social media to promote the venue and its events whilst maintaining and enhancing the venue’s trendy, industrial-chic ambiance, the right licensee will be able to significantly grow the business, ensuring that G41 remains a popular and vibrant destination.

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.  Please note, this only applies to pubs marked with an Asterix *


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