Tenancy - Railway Hotel, Haddington

Location
Haddington, East Lothian
Salary
Business Opportunity
Posted
01 Jul 2017
Closes
01 Aug 2017

PUB OVERVIEW

Major investment planned to create a completely new offer for Haddington!

Haddington has a number of local bars and eating establishments however nothing on the scale that we will create at the Railway: this really will be the best pub in town. An experienced operator or multiple operator would thrive in this site, handed over fully invested and with a full food solution. Hotel rooms plus a large 4 bedroomed home also provide another income source or family home.

BUSINESS INFORMATION

Entry cost from: £44,125.00

Annual rent: £34,000.00 per annum plus 8.00% Turnover Royalty

Agreement Tenancy – Turnover Tenancy

Type of Tie: Partial tie: Tied All Beer & All Cider

LOCATION

Haddington has a population of 8500 and is in close proximity to many of the golf courses East Lothian is famous for. The Railway Hotel sits just off the main town centre, but has a prominent roadside position.

CURRENT PREMISES LICENCE OPENING HOURS On sales:- Monday - Wednesday 11:00 - 23:00 Thursday & Sunday 11:00 - 00:00 Friday & Saturday 11:00 - 01:00

About the business

TRADE SPACE Served by one bar, one area is being created over two levels. We are moving the current cellar to another area in order to create a large space over one floor. Outside is a courtyard area for enjoying a drink when the sun shines and also provides a facility for smokers. Upstairs is a large function room, traditionally decorated and popular for local parties and meetings. The function room is being fully redecorated as part of our investment. The kitchen is also on first floor level and will have a food hoist to serve the main bar. The hotel rooms are over two floors featuring 3 doubles, 2 singles and a twin. The rooms are not ensuite currently. Attached to the hotel is a large 4 bedroomed home over 2 floors with a small courtyard garden.

TRADE SPACE

Bars 1

Car park spaces 6

Dining rooms 1

Food covers 64

Function rooms 1

Trade kitchens 1

Rooms to let 6

Patio areas 1

PRIVATE ACCOMMODATION

A large 4 bedroomed family home is attached to this hotel. On the ground floor there is a large living room, a kitchen and a bedroom, on the first floor are three further bedrooms and bathroom.

PRIVATE SPACE

Private Rooms 7

Lounge 1

Single Bedrooms 1

Double bedrooms 3

Private Kitchen 1

Bathrooms 1

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

The location of the Railway makes it an ideal site for us to invest in to create a brilliant quality local pub. A full internal restructure alongside modern refurbishment, the addition of a trading kitchen and improvement of exterior areas including full new signage scheme will make this the place to go in Haddington

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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