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Trafalgar Tap, Edinburgh

Edinburgh, EH6 4DG

Your investment

£9,000

Agreement Type

Tenancy
  • Fantastic location in a busy developed area
  • Beautifully decorated internally
  • Potential to create the perfect community local

The Trafalgar Tap is located in Leith, an area just north of Edinburgh, and is situated approximately 30 yards from the busy Ferry road.  There is substantial housing surrounding the pub and it is nestled nicely within this community.  It is convenient for the Leith theatre and the successful Pitt street market. Leith is approximately two miles from the centre of Edinburgh, which itself has a population of approximately 500,000.  Edinburgh is popular with tourists, with people coming from far afield to visit this beautiful city.

Pub Layout

The pub is small and cosy and has one trading area which is served by a central horseshoe bar. It is an attractive pub, in very good condition internally and externally. Most of the regulars occupy areas around the bar but there is a small snug to the front. The remainder of the pub to the rear is set out with loose furnishings and feels more like a lounge for relaxed socialising.

The pub benefited from an extensive refurbishment in September 2017 which transformed the trading style and customer base of the pub. It is trading as a ‘premium local’ at present but there may be scope to give it a wider appeal. There is satellite TV at present but the large screen is used to show international rugby matches which are on terrestrial TV.  The main focus is on being a fantastic local pub, attracting a broad spectrum of customers.  There are a range of standard and craft beers available, cask and keg, as well as a decent wine range and premium spirits. There is no scope for a big food operation but snacks are available and tie-ins with local food operations have been utilised. Admiral Taverns is looking for applicants who are hard-working and have excellent customer service skills and who can focus on developing a local business.  A clear vision to take the pub to the next level is key. Links to the community would be ideal but not wholly necessary.

Annual Rent: £16,000

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.

The vision is to build on the successful change of direction for the pub. Building from the current base is required to get the pub into a more comfortable level of turnover. The pub would be largely licensee-led, who would be popular with the locals and have the ability to build links with the community in terms of sports teams and other active groups. A vision to broaden the appeal of the pub is the key to success.

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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