Parkway, Glasgow

Admiral Taverns offers an exciting chance to take over a well-established, community-focused pub, soon to benefit from a major refurbishment that will transform it into a vibrant, multi-use venue. We’re seeking experienced and well-capitalised licensees who can balance the energy of a lively sports bar with the versatility of a function space, bringing passion and drive to this refreshed setting. We are particularly interested in those with strong local connections or in-depth knowledge of the surrounding area, who can bring creative ideas, a robust marketing strategy, and a flair for attracting custom both locally and from further afield. Above all, the right licensee will be someone who is committed to embedding themselves in the heart of the community, keeping the pub a key part of the local social scene. With a clear focus on increasing footfall, enhancing the day-to-day pub experience, and turning the venue into the go-to destination in the area, this is an outstanding opportunity to take over a revitalised business with enormous potential.

The Parkway is located just two miles from Glasgow city centre on Paisley Road West, in the city’s vibrant South West area. This prime location benefits from excellent transport links, with easy access to the M8 motorway and frequent bus and train services to and from the city centre. Situated south of the River Clyde, the area is a leafy and characterful part of Glasgow, known for its creative energy, strong sense of community, and lively local culture. Surrounded by shops and residential neighbourhoods, The Parkway enjoys high levels of passing trade and serves as a welcoming social hub at the heart of the local community.

Pub Layout

Currently operating as a wet-led venue, this lively sports bar has built its success around live televised sports and classic team games such as pool, darts, and dominoes. Its energetic atmosphere and welcoming spirit have fostered a loyal customer base, making it a true hub for the local community. In addition to its thriving bar trade, the venue benefits from a versatile function room that provides an additional stream of revenue, with clear potential for further growth through targeted marketing and event promotion. There is also a valuable opportunity to expand the offer by introducing a back-bar food service, particularly on busy match days creating an attractive new income stream and enhancing the overall customer experience.

Private Accommodation

There is no private accommodation at this site.

Annual Rent: £48,000

Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater

Working Capital: £5,000

Stock: £5,000

Fixtures and Fittings: £27,000 with an initial upfront payment of £5,000  –  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.

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

Admiral Taverns is set to undergo a full-scale refurbishment, breathing new life into the venue while preserving its character and charm. The project will encompass significant improvements to the main roof, public bar, lounge area, and customer toilets, enhancing both the functionality and overall experience for visitors. Externally, the building will benefit from a comprehensive roof repair, ensuring long-term structural integrity. The front elevation is also due for a fresh coat of paint, with new signage under consideration to boost visibility and street presence. Inside, the public bar will see a thoughtful transformation. A section of fixed seating will be removed and replaced with loose, flexible furniture, creating a more open and welcoming environment. The space will be fully redecorated, blending a sports theme with historical photographs of Glasgow, and showcasing repurposed memorabilia to honour the pub’s heritage. Existing fixed seating will be reupholstered, while new wooden flooring will be laid throughout to elevate the aesthetic. To enhance ambience and appeal, pendant lighting will be added to the windows, contributing to increased kerb appeal. The entertainment offering will be boosted with the addition of three darts lanes, each complete with scoring systems, alongside the installation of new decorative lighting throughout the bar area. The lounge area will also receive a refresh, including new decoration and the installation of double doors, providing improved access to the garden area, helping to create a more connected and versatile space. Attention is also being given to the toilet facilities, ensuring they are modern, comfortable, and fully upgraded. The ladies’ toilets will be completely refurbished, including the installation of new vanity units and washbasins, new flooring, a lowered ceiling, and LED lighting, which will also be extended to the rear access corridor. The gents’ toilets will be similarly upgraded, with the urinals reviewed, walls retiled, and a new ceiling fitted with LED downlighters. A new WC suite and two modern washbasins will be installed, complemented by new flooring throughout.

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 – A security deposit is required when applying for a pub with Admiral.  This will be the greater of £5,000 or three months’ headline rent. The deposit is held on your account and returned when you leave, subject to your final account balance and the condition of the property.  We will also carry out a credit check as part of your application, which may affect the deposit amount required.

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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *