Pub Overview
Amazing opportunity in the heart of Edinburgh.
What would you do with this pub to make it a success?
The area
The Meadows Tap is located in the city of Edinburgh, close to George Square Gardens, the Holyrood Distillery and the Meadows. The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics
This pub enjoys a prime position as one of just 24 establishments within a 10-minute walk serving a local population of approximately 15,000 adults. The core customer base consists largely of full-time professionals and students, offering strong and consistent footfall throughout the week.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong food & drinksoffer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and pub games machines. It offers a selection of a pub classic menu, coffees, and popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
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...
Features
* Foundation Tenancy
* Catering Kitchen
Trading Area & Facilities
* Main trading area with bar
* Separate dining room
* 50 internal covers
* Fully equipped kitchen
* SmartDispense
Private Accommodation
The pub has no private accommodation.
Pub Financials
Estimated Total Ingoing Costs
£20,055
Estimated Minimum Ingoing Costs
£6,018
Annual Rent
£24,220
Estimated Annual Turnover
£376,577
Deposit
£6,055
Estimated Fixtures & Fittings Value
£10,000
Estimated Stock Valuation
£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
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
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