Pub Overview
Hidden gem in the beautiful Scottish Highlands, 5 minute walk from the city centre.
What would you do with this pub to make it even more of a success?
The area
The Chieftan Hotel is located in the city of Inverness, close to the city centre. The pub is surrounded by residential housing.
Demographics
The pub benefits from being one of 3 pubs found within a 10-minute walk. The majority of the customer base is made up of adults.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in developing a strong 65/35 food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via letting rooms, live sports, selection of pub games, such as pool, and darts and live entertainment. It offers a selection of a pub classic menu, coffees, and popular beers, ciders, wines and spirits. The pub also has a fantastic outdoor beer garden, with screens to show live sports.
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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and sports offer 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
* Foundation Tenancy
* Letting Rooms
* Function Room
* Outdoor Trade
* Pub Games
* Catering Kitchen
* Live Sports
Trading Area & Facilities
* Main trading area with bar
* Separate dining room
* 100 internal covers
* 45 external covers
* Catering kitchen
* Function room
* SmartDispense
* 15 letting rooms
* Medium sized beer garden with outdoor screens
* Car park with 15 spaces
* Pool table, dart board, games machine
Private Accommodation
The pub has no private accommodation.
Pub Financials
Estimated Total Ingoing Costs: £94,155
Estimated Minimum Ingoing Costs: £30,560
Annual Rent: £84,721
Estimated Annual Turnover: £889,403
Deposit: £21,180
Estimated Fixtures & Fittings Value: £49,475
Estimated Stock Valuation: £20,000
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
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