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Quayside, Glasgow

Glasgow, G5 8RE

Your investment

£9,000

Agreement Type

Tenancy
  • Amazing community local with a loyal customer base
  • Prominent roadside location
  • Sports driven with a Rangers connection

The Quayside occupies a prominent roadside position on Paisley Road (A8) which is a busy arterial route and public transport thoroughfare in the Kinning Park area of Glasgow, southwest of the city centre. The property is contained within a mature and established area which includes a mixture of residential and commercial premises and is key to the strip of establishments that lead to Rangers Football Club.

Pub Layout

The entrance from the street leads you to the main bar area. This open plan, one room operation is surrounded by fixed and loose seating with walls adorned with TV’s and football memorabilia. The bar, to the left of the entrance is a prominent feature providing a variety of beers and ales. The toilets are located on two levels with the ladies situated downstairs and the gents off the main bar area.

The Quayside is a wet led pub, sports driven and well supported by locals especially on match days. Although renowned for its football following, The Quayside also has a dominoes team and is involved in the local league. The Quayside is located on the main strip to Ibrox ensuring the footfall on a regular basis. The pub has been invested in and standards are reflected throughout with the current licensee providing televised sports and community spirit.

Private Accommodation

There is no private accommodation at this site.

 

Annual Rent: £14,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation – funding options 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 an experienced licensee(s) who know the area, can demonstrate the drive and passion to ensure that The Quayside is at the heart of the community, can maintain excellent standards and provide good quality beers and ales.

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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