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Kirkhill Bar, Glasgow

Cambuslang, Glasgow, G72 8LH

Your investment

£4,000

Agreement Type

Tenancy
  • Low total start up costs of £4,000.
  • Established local community business.
  • Prominent residential location

The Kirkhill bar is located in Cambuslang, a town on the south-eastern outskirts of Glasgow. Cambuslang has a long history of coal mining, steel, iron and ancillary works , most employment for its 30,000 residents comes from the service industry local to the area. This area is heavily populated with flats and local housing, however also features a lot of green space with Cambuslang Park providing 27 acres of woodland area, sports pitches and the bandstand which is a natural amphitheatre near to where the famous Cambuslang Wark took place in the 18th century. Located on the lengthy bend of the River Clyde, this is accessible by road from the nearby A74 and A724 to the city centre and Hamilton alongside excellent rail links to Glasgow and Lanark.

Pub Layout

Located on the corner of a street, access can be made via the two doors. The central island bar, stocked with premium products provides a focal point for all areas of this open plan, one level room. The bar area is surrounded by a mixture of fixed and loose seating, panelled walls, high ceilings and floor to ceiling windows, making this a bright and airy space whilst TV’s adorn the walls alongside a projector screen promoting all live sporting events  To the right of the bar there is a pool table area, complete with darts board with a small snug area. The snug area has a mixture of high fixed and loose seating making this the perfect social area.

 

Kirkhill Bar is a traditional wet led community local with an exceptionally strong customer base and a core of regular daytime drinkers. The pub utilises its community local feel and champions local sports games such as pool, darts and dominoes, alongside televised sporting events. The main trading area has a mixed drinks offer including, premium and standard lagers along with a varied and extensive range of spirits and minerals. Kirkhill has a strong regular customer base and due to sites residential location has the opportunity to grow trade ensuring this site is the hub of the local community promoting charity and community based events.

 

Private Accommodation

There is no private accommodation at this site.

Annual Rent: £12,500

Security Deposit: £2,000

Working Capital: £1,000

Stock: £1,000

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 looking for a dynamic licensee who will grow the business by driving beer volumes through many avenues. The applicant (s) must have the passion and knowledge of running a successful community local and are who are cheerful and sociable and are willing to build a great rapport with the local community whilst being the friendly and welcoming face behind the bar. The ability to cater for different groups of people from different age groups and background, continuing to support the current customer base whilst attracting other less frequent users is essential. From live entertainment, community events and local sports teams, this will need to be done by offering an exceptional service along with excellent marketing and an online social media presence as the pub is much loved by the locals and has the scope and location to be the hub of the local community. Our new licensee will ideally need to have an understanding of the area along with the demographics that surround the pub.

 

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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