Pub Overview
The High Dive, now known as St Leonards Bar & Kitchen, is located in the densely populated Southside of Edinburgh City centre. A stones throw from the Commonwealth Pool, the area is popular with students and is surrounded by many residential properties. The pub is also just off the main road in to Edinburgh South so can be an great stopping off place for people on the way home from work. The site was recently refurbished to a very high standard.
Available on our foundation tenancy agreement for Scotland. Click here for more information on this agreement. Strong social media skills and an entrepreneurial spirit are essential to drive this business forward. Could that be you?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
* Understanding of the local community
* You know what it takes to build a successful business
* You love hospitality and are great with 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...
* 25% rent reduction will be applied to first 12 months following completion of a fully signed lease agreement (5 years England & Wales, 3 years Scotland) on selected properties only. No cash alternative is payable.
Features
* Foundation Tenancy
* Catering Kitchen
* Outdoor Trade
Trading Area & Facilities
The High Dive, now St Leonards Bar & Kitchen, was once a traditional Victorian tenement pub and has been refurbished to retain some of that character whilst also being ultra-modern.
Currently the pub has a strong pizza offer with 'theatre kitchen' and is centred around the bar that runs nearly the full length of the pub. There is a mix of booth, loose and bar stool seating similar to an American diner. There is a small prep area downstairs and the site is in 'walk in' condition.
Private Accommodation
There is no private accommodation on site.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£32,017
Estimated Minimum Ingoing Costs
£9,005
Annual Rent
£18,069
Estimated Annual Turnover
£299,318
Deposit
£4,517
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£4,000
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
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
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