Pub Overview Major refurbishment to city centre pub The Gunsmiths offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. What would you do with this pub to make it even more of a success? The Area The Gunsmiths is located in Inverness, close to the town centre and train station. The pub is surrounded by shops, food outlets and retail premises. The pub benefits from being one of several hospitality venues found in an area of around 3,309 adults within a 10-minute walk time and 14,596 within a 20-minute walk time. The customer base is made up of a mix of affluence levels, from mid to high, and over-indexes in younger demographics, while also attracting a large mature segment. The Offer The Gunsmiths is available on our Investment Tenancy agreement. Click here for more information on this agreement. A full refurbishment will create an updated and welcoming environment, with a reduced bar to increase trading space, a restored traditional back gantry, refreshed toilets and redecorated interiors throughout. A new small prep area will enable a light bite food offer of wings, nachos and paninis. A regular programme of entertainment will include local music acts, karaoke, quizzes and TNT/terrestrial sport on TV, appealing to couples and groups of friends looking for a relaxed pint during the week or a livelier night out at the weekend. We’re always open to new ideas - what would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for The Gunsmiths will have extensive experience in high street hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers. If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter Features Investment Tenancy Refurbishment Planned Live Sports Trading Area & Facilities The Gunsmiths will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and the floor plan can be found in the ‘refurbishment details’ in the downloads. Post-refurbishment facilities will include: Main trading area with bar 89 internal covers Catering kitchen HEINEKEN SmartDispense Applicants should be aware that all refurbishments are subject to final board approval, which will be determined as part of the leasing process. Private Accommodation The pub has no private accommodation. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £42,458 Estimated Minimum Ingoing Costs £42,458 Annual Rent £21,832 Estimated Annual Turnover £318,667 Deposit £5,458 Estimated Fixtures & Fittings Value £27,000 Estimated Stock Valuation £6,500 Estimated Working Capital £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. Downloads