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Thistle Inn, Cumnock

Cumnock, KA18 3AB

Your investment

£12000

Agreement Type

Tenancy

Cumnock is a Victorian looking town in East Ayrshire and lies at the confluence of Lugar Water and Glaisnock Water. Along with several nearby towns including New Cumnock and Lugar, Cumnock has a strong industrial past.
The Thistle is a detached pub with four letting rooms and also has a detached, three bedroom Bungalow situated to the Rear of the Pub.

Cumnock is a Victorian looking town in East Ayrshire and lies at the confluence of Lugar Water and Glaisnock Water. Along with several nearby towns including New Cumnock and Lugar, Cumnock has a strong industrial past.

The Thistle is a detached pub with four letting rooms and also has a detached, three bedroom Bungalow situated to the Rear of the Pub.

Pub Layout

As you walk through the front doors, there is a small, old fashioned bar to the left which boasts an open fire. To the right there is the restaurant. There is one central bar which services both areas and is therefore not labour intensive. The letting rooms are situated on the first floor- and are accessed by a separate external stair case. Downstairs there is the cellar and access to the office and the kitchen area, From the back of the kitchen you access one of the car parks over to the detached bungalow.

The Thistle currently trades  as a 80/20 split towards food. The menu on offer is your traditional ‘good, pub grub’ Aside from people visiting for food, the Thistle is very much a community pub. There is a bowling green nearby, which the Thistle has its own team and the Thistle regularly provides live music.  The locals also utilise the pub delivery service on Just Eat. As well as its locals the pub gains trade from travellers into Cumnock.

Private Accommodation

The private accommodation is a detached three bedroom bungalow.

Letting Accommodation

There are four letting rooms on the first floor.

 

Annual Rent: £42,000

Security Deposit: £5,000

Working Capital: £4,000

Stock: £3,000

F&F: TBC (Funding options available)

Training: £325 plus VAT

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

We are looking for and experienced food operator, who knows their way around the kitchen and who’s not be afraid to get involved in Community commitments. The Thistle Inn have won best garden for several years so the new operator would need to be able to maintain the gardens.

 

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

 

 


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