Back to Search results

The Weavers, Condorrat

Condorrat, Cumbernald, G67 4DN

Your investment

£10,000

Agreement Type

Tenancy
  • Amazing function room with separate bar
  • Fantastic Community local sports driven site
  • Substantial beer garden surrounding the site

The Weavers is situated in Condorrat, a former village in North Lanarkshire which predates the new town of Cumbernauld. The new town was built around the older settlements however Condorrat has retained some of its own distinctive character including farms and a wood mill.  Located less than two miles from Cumberland, a town steeped in Roman, agricultural and industrial history with excellent links to nearby motorways including the M8, M74 and M9 and regular bus services makes access to Condorrat viable.

Pub Layout

Internally the Weavers is a two room operation. The main bar area, with a mixture of fixed and loose seating is home to live sports with TV’s adorning the walls, a pool table & darts board creating the perfect ambience for the games. Behind the main bar is the function suite. This room can hold up to 120 people, has its own separate bar and is decorated to an extremely high standard, complete with stage and dance floor making this the perfect place for a private event. There is a commercial kitchen on site which is currently used for functions & events but could be used to introduce a food offering whether it be a snack menu or a complete food offering using the function room during the day for a restaurant. Surrounded by gardens, a small one at the front complete with cover and used as a smoking solution and another at the back with seating for approximately 40 people and complete with parking for about 20 cars makes The Weavers the perfect community local.

 

Currently the Weavers is a predominantly a wet led business with a potential food offering. This would require an experienced licensee to develop the business further.  The site currently utilises the function room holding various family events alongside offering a buffet package and room decoration. The Weavers is very much sports driven, benefiting from showing live sports alongside a pool table and darts board for in house team sports. Given this the Weavers has a real sense of community spirit due to its location at the heart of a local housing estate.

 

 

 

 

Private Accommodation

There is no private accommodation with this site.

Annual Rent: £22,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

F&F: Funding options may be available for the right licensee

Training: £325 plus VAT

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

Weavers is a fantastic opportunity for an established, community focused licensee who has a good knowledge of the local area and the genuine desire to develop the food offering. This would benefit someone who would interact and engage with the local community whilst being confident in promoting charity events and fundraisers, functions and food via social media whilst introducing a complete marketing strategy.

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.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.