Lorne Bar, Dunoon
Pub details
249 Arglye Street
Dunoon
PA23 7QT
The Lorne Bar is well situated on the main street in Dunoon, adjacent to a large public car park. The premises are in excellent decorative order and consist of a small but traditional public bar enjoying good local trade, and a larger and separate lounge bar with a compact kitchen which currently serves snack and meals daily. At the rear of the premises is a smoking area and recently completed beer garden. The property also includes a pleasant two bedroom flat above the pub which is included in the lease. The business presents an ideal opportunity for a live-in individual or couple with good previous pub or restaurant experience.
The ideal candidate will have strong local knowledge and experience within the pub trade, preferably to managerial level. Individuals who have run their own business within the hospitality and leisure industry will also be considered
Estimated Ingoing costs
| Fidelity Bond | £10,000 |
|---|---|
| Rent in advance (monthly)* | £2,654 |
| Stock (estimate)* | £3,500 |
| Fixtures and Fittings (estimate)* | TBC |
| Legal fees (estimate) | £1,000 |
| Training fees | £800 |
| Lease premium | N/A |
| Stamp duty (estimate) | TBC |
| Estimated total* | £17,954 |
*Excluding VAT
Notes
| Annual rent | £31,850 |
|---|---|
| Rateable value | £22,000 |
| Machine Income | 100% to the lessee |
| TUPE Regulations | All staff must have existing contracts honoured |
| Fidelity Bond | Refundable at the end of the lease period, subject to conditions |
These figures are for guidance only and do not form part of a contract. Please note, the fidelity bond is repaid with interest. Rent increases by 4% p.a. with a 5 year lease and every 3 years by RPI on a 10 year lease.
