Run an Admiral Pub, Burts Bar, Buckhaven

Burt's Bar is located in Buckhaven, which is set on the east coast of Fife, Scotland, on the Firth of Forth between East Wemyss and Methil near to Wemyss Caves and Largo Bay. This thriving weaving village, fishing port and mining area was reported as having the second-largest fishing fleet in Scotland with a total of 198 boats. Located in the south of the town, Burt's Bar is surrounded by housing and sits close to the public car park giving access to the shore.

This stone-built pub is oozing with charm to give that warm inviting feel and is easily accessible via major roadways such as the A955 and the A915 and via local train and bus services.

Pub Layout: Accessed via the main street, the pub features a horseshoe-shaped bar centrally located between the main bar area and the lounge. This ensures efficient service to both sections of the pub and encourages social interaction among locals. The open-plan design of the bar, surrounded by fixed and loose seating as well as high stools, creates a sociable atmosphere in contrast to the lounge area where booths provide a balance of privacy and cosiness, offering patrons the option to enjoy more intimate conversations or gatherings while still being part of the pub's lively atmosphere. This versatility allows Burt's Bar to accommodate a range of preferences and occasions.

Outside, to the rear of the building, guests can enjoy a small yet inviting enclosed beer garden with bench seating. This outdoor space provides a relaxing environment for everyone to enjoy their drinks alfresco, particularly during the warmer months or for those who prefer a breath of fresh air.

Trading Style: Burt’s Bar is a traditional wet-led community local with an exceptionally strong customer base and a core of regular daytime drinkers. The pub utilises its community local feel and champions local sports games such as dominoes, currently having two home teams ensuring one always plays at home. Evening trade is dictated by this activity alongside live music which has proved successful within the community. The main trading area has a mixed drinks offer including premium and standard lagers along with a varied and extensive range of spirits and minerals. Burt’s Bar has a strong regular customer base with the opportunity to grow trade ensuring this site is the hub of the local community promoting charity and community-based events.

Accommodation: The private accommodation is located on the first floor of the pub and can be accessed from the rear of the building. This comprises three bedrooms, lounge, kitchen and bathroom and has been recently refurbished.

Financial:

• Annual Rent: £7,700
• Security Deposit: £1,000
• Working Capital: £1,000
• Stock: £500
• Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.

Tie: All drinks categories are tied. For fully funded licensees on long-term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

BDM Vision: Admiral Taverns is seeking an experienced and dedicated individual or couple who are committed to becoming an integral part of the close-knit community surrounding Burt’s Bar in Buckhaven. Someone who can embed themselves into the community, build genuine connections with residents, understand their needs and preferences, and actively participate in local events and initiatives. By prioritising excellent customer service, community engagement, and a commitment to maintaining Burt’s Bar as a popular gathering place, the new licensee(s) can ensure the pub’s continued success and strengthen its position as a cherished community asset.

Future Plans:

Additional Information:

• Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced, the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed.
• Security Deposit – This sum of money will be held on your account and will be returned to you on exiting the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long-term agreement.
• Working Capital – This is a recommended amount required which will be used in the day-to-day running of the business.
• Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened/opened kegs and cask ale providing the container is unopened.
• Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Training: £350.00 – Before signing a long-term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost: £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you peace of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.

Zero Business Rates: Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterisk *.