Central Bar, Prestwick
Pub details
56/58 Main Street
Prestwick
KA9 1NX
Situated on the Main Street in Prestwick, the community pub comprises of both a lounge and public bar with a small smoking area to the rear of the building.
The ideal candidate will have a 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. This pub would benefit from someone keen to build up community based activities.
Estimated Ingoing costs
| Fidelity Bond | £6,000 |
|---|---|
| Rent in advance (monthly)* | £1,442 |
| Stock (estimate)* | £4,000 |
| Fixtures and Fittings (estimate)* | TBC |
| Legal fees (estimate) | £1,500 |
| Training fees | £800 |
| Lease premium | N/A |
| Stamp duty (estimate) | N/A |
| Estimated total* | £13,742 |
*Excluding VAT
Notes
| Annual rent | £17,306 |
|---|---|
| Rateable value | £11,800 |
| Machine Income | 75% 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.
