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Imperial Bar, Glasgow

Glasgow G1 4AZ

Your investment

£10,000

Agreement Type

Tenancy
  • Fantastic city centre location
  • Established business with a core of local support
  • Beautiful traditional features

The Imperial Bar is located on Howard Street, Glasgow in a prominent location on the high street, surrounded by local shops and plenty of chimney pots. This city centre location is within walking distance of several of Glasgow’s railway stations and  is on many of the bus routes in and out of the city. Glasgow is steeped in history and is famous for its football rivalry between Rangers and Celtic football clubs. It is the most populous city in Scotland with an estimated population of 632,350 and is extremely popular with locals and tourists visiting the area.

Pub Layout

From the street you will enter the main bar area of the Imperial Bar. This is a one room operation dominated by the bar on the back wall which is central to the room surrounded by booths alongside some low level loose seating and a seating area of high stools looking out of the windows onto the street. The balance of traditional dark wood and stained glass features against the exposed brick walls and wooden floors creates the shabby chic feel perfectly. The high ceiling with traditional embellishments, exposed columns and huge windows are in-keeping with the area and the building to balance the local pub with a city centre establishment.

The Imperial is a wet-led pub with an established clientele of local regulars where everyone is always welcome. It prides itself on community spirit with the retail offer focused on city centre drinks offers, live sport and traditional local. There is scope to improve on the current drinks offers and incorporate live music ensuring a busy calendar of events.

Private Accommodation

There is no private accommodation at this site.

 

Annual Rent: £TBC

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

F&F: TBC – 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.

 

Admiral Taverns are seeking an experienced, focussed licensee, who will be able to connect with the locals and visitors to establish the pub within its location. Ideally the new licensee should have knowledge of the surrounding area, have experience of running town centre establishments and have the ability to unlock the untapped growth potential for wet sales and be creative and passionate about local events. A strong marketing plan with extensive social media presence incorporating drinks offers, live music, televised sports, alongside building on the established trade will ensure the Imperial will continue to be the pride of the local community.

 

 

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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