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Horseshoe Tavern, Musselburgh

Musselburgh, EH21 7AP

Your investment

£6,500

Agreement Type

Tenancy
  • Initial start up rent £50 per week (net).
  • 6 weeks no business insurance & maintenance charges
  • Zero business rates.*
  • Reduced in-goings – low security deposit

Musselburgh, located on the coast of the Firth of Forth is home to the Horseshoe Tavern and is the largest settlement in East Lothian.  Located on the corner of the road, the name gives itself to the shape of the pub. Surrounded by housing and shops and with a population of around 21,000, this area is the hive of local activity with the Horseshoe Tavern immersing itself into this and supported by a loyal core of regular customers. With good access links via bus, train and car this site benefits from a substantial amount of passing trade alongside a core regular cliental.  

Pub Layout

Upon entering the Horseshoe Tavern from the main road you will find the main bar area. This area features the main bar servery providing a selection of real ales, lagers and premium drinks. The bar area provides high seating with a mixture of fixed and loose low seating with stained glass windows and TV’s offering sports viewings. To the left of the main entrance their is a snug room featuring a pool table, ideal for team sports. To the right of the bar you enter the lounge area. This is warm, cosy and snug with low lighting, a mixture of fixed and loose seating and its own small bar servery providing the perfect escape for that quiet drink. There is also a darts board located in here which, again is ideal for pub sports and promoting local team events/leagues. The lounge area could also be used as a private function area for encouraging local meetings and charity events.

The Horseshoe Tavern is a wet led trading pub which offers a cosy, warm atmosphere alongside team and local sports. A local community pub with a core of loyal regulars with a premium offer of lager, ciders, wines and spirits. There is room for growth here in way of offering private functions in the lounge area for meetings, local charities again encouraging support and engaging with the local businesses and community.

Private Accommodation

This consists of a two bedrooms, lounge, kitchen and bathroom which is in good condition.

Annual Rent: £12,000 – Initial start up rent of £50 per week net for 12 weeks (negotiable)

  • 6 weeks no business insurance charges
  • 6 weeks no maintenance charges

Security Deposit: £3,000

Working Capital: £1,500

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

*Based on the April 2023 provisional 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.

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

Admiral Taverns are looking for a licensee (s) who has had experience in running local community led pubs. They must be able to market the pub well through not only social media but tap into the local community by thinking outside the box. The new licensee(s) must be willing to emerge themselves into the local community and must exhibit drive and passion along with strong business acumen.

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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