Tenancy - Forge Inn

4 days left

Location
ML5 4EN, Coatbridge
Salary
Business Opportunity
Posted
01 Jun 2017
Closes
01 Jul 2017

Tenancy - Forge Inn

PUB OVERVIEW
Popular community local now back on the market due to lease end.
The Forge boasts established trade and would be an ideal fit an experienced operator looking for
a multi faceted business that includes food, sport, entertainment and live music.

BUSINESS INFORMATION
Entry cost from:
£27,125.00
Annual rent:
£28,200.00 per annum
Agreement
Tenancy – Standard Tenancy
Type of Tie:
Partial tie: Tied All Beer & All Cider

LOCATION
Situated on the corner of Whifflet St & Eastern Place in the Whifflet area of Coatbridge. There is a strong provision of public transport within a short
walking distance, with bus stops outside the pub and trains a short walk away serving local & regional destinations. The pub is surrounded by many
houses, bars, restaurants and shops and is the hub of this local community with its many facilities.

CURRENT PREMISES LICENCE OPENING HOURS
Sunday - Thursday 11:00 am - 00:00am Friday and Saturday 11:00 am - 01:00am
About the business

TRADE SPACE
The bar consists of a large lounge bar, public bar, snug bar, 2 sets of
ladies & gents toilets, disabled toilet, kitchen, cellar, office and stores
on the ground floor. Outside there is an external drinking terrace for
approx 25 people seated & dedicated smoking shelter. The lounge bar
and externals have been recently decorated by the existing tenant all
areas of the bar area of a good standard.

Bars 2
Dining rooms 1
Food covers 80
Function rooms 1
Gardens 1
Trade kitchens 1

PRIVATE ACCOMMODATION
There is no private accommodation at this site

FINANCIAL INFORMATION
Entry costs approx £27,125 which includes fixtures and fittings, stock,
glassware, crockery, cutlery, fuel and cleaning materials, legal,
stocktaking fees, training fees, working capital and deposit (25% of
head rent, minimum £6,000). (Brokers fees not applicable in Scotland).

RENT INFORMATION
Annual rent £28,200.00 per annum
Weekly rent £542.31 per week fixed
Notes £28,200 per annum, £542.31 per week fixed and
subject to annual RPI increase, which is capped.
Paid weekly by direct debit.
Brokers TBC Legal £825.00
Deposit £7,000.00 Stocktaking fees £150.00
Fixtures & fittings £11,000.00 Working capital £5,000.00
Other costs £3,150.00 Total entry cost £27,125.00

ESTIMATING TURNOVER
You will need to estimate the turnover you expect to achieve from the
pub, with regard to food and accommodation (if applicable). Barrelage
figures are given to assist you with calculations.
Calculators to help you are available on the business planning section
of our website.


WHY CHOOSE US?
By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of
running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the
country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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