Run a Star Pub - Polton Inn Lasswade - Lasswade

Pub Overview

Great Location!

Located in a good residential area on the main road between Lasswade and Polton, the Polton Inn was refurbished to a high standard in 2018. Comprising a Bar and Lounge with Restaurant area seating 45, the pub has a catering kitchen, large car park and an external seating area at the front.

A fantastic opportunity awaits for a motivated Business Operator to engage with the people in the local area to create a hub for customers wishing to meet, eat, drink and enjoy themselves in a friendly and convivial environment. Providing an attractive food and drink offer together with activities, such as pub games, entertainment, quiz nights and televised sport will encourage a wide range of customers to frequent the pub. There is room to cater for group events and activities; celebrations, meetings, funerals, team presentation nights and other similar sized functions.

The Polton Inn is a premium local situated in the heart of a busy local community close to the local rugby club, and other community and sporting facilities.

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with 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…

* 25% rent reduction will be applied to first 12 months following completion of a fully signed lease agreement (5 years England & Wales, 3 years Scotland) on selected properties only. No cash alternative is payable.

Features

• Foundation Tenancy
• Catering Kitchen
• Live Sports
• Pub Games
• Car Park
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

The Polton Inn was refurbished to a high standard in 2018 and is in great condition throughout.

Comprising a Bar and Lounge with Restaurant area seating 45, the pub if finished to a high specification and has a warm and contemporary feel.

The catering kitchen supports the food offer and there is a large car park and an external seating area at the front.

Private Accommodation

The Private Accommodation consists of a spacious three bedroom residential flat with a separate entrance on the first floor.

Pub Financials

• Estimated Total Ingoing Costs: £27,115
• Estimated Minimum Ingoing Costs: £9,372
• Annual Rent: £22,459
• Estimated Annual Turnover: £369,136
• Deposit: £5,615
• Estimated Fixtures & Fittings Value: £14,000
• Estimated Stock Valuation: £4,000
• 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 arrow
• Energy Performance Certificate Download arrow