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Lochar Inn, Heathhall

Dumfries, DG1 1TZ

Your investment

£5,000

Agreement Type

Tenancy

This roadside pub is a one storey building on a busy main road. The bar has a steady trade, with pool, domino and darts teams catering for a mainly male clientèle.

This roadside pub is a one storey building on a busy main road. The bar has a steady trade, with pool, domino and darts teams catering for a mainly male clientèle. The lounge area is comfortable but needs some modernisation; the pub company have plans to develop this area to improve the food offer. There are car parking facilities and a small terraced outside area to the front of the property.

The bar has been well managed in the past, and the landlords are looking for someone to continue to manage and develop the bar for the future. There is little competition locally for quality bar meals, and there is great potential to focus.

Private Accommodation

There is no private accommodation with this site.

Ingoing costs consist of:

£2k Security Deposit

£2k Stock

£1k Working capital

There are plans for major housing development in close proximity which gives real potential. This pub would suit someone who enjoys a traditional bar with sports and horse racing etc. but who also has some food experience.

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)

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

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

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 – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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