Licensee - Blackfriars, Inverness
Minimum Ingoing Costs: £12,851
Annual Rent: £40,000
Annual Turnover: £497,186
The subject of a proposed refurbishment, the Blackfriars is an iconic pub which is located in the centre of Inverness. The Eastgate Shopping Centre, main railway station and Inverness College are all close by and the pub currently enjoys strong support from both local residents and visitors to ‘The Capital of the Highlands’.
The pub’s eye-catching whitewashed frontage overlooks a busy high street, which is characterised by a good selection of independent shops and take away food outlets.
The proposed refurbishment will improve the pub’s visual appeal and modernise the facilities without compromising Blackfriar’s established reputation or period charm.
The ideal operator for the pub will know the Inverness area well and understand the local’s needs and the tourists alike. An understanding of running a food business would be of a huge benefit and a detailed understanding on how to keep cask ale as this forms a large part of the current trade.
Images shown are not a true reflection of the pub and are taken from a reference library.*
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an “Investment Exemption” will be required. The exemption means that the option of a Market Rent Option lease won’t be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.