Foundry, Galashiels
Pub details
95 High Street
Galashiels
TD1 1RZ
Galashiels lies in the heart of the Scottish Borders in the narrow valley of the Gala Water, close to its meeting with the River Tweed. This busy town has a population of around 15,000.
Situated on the main road through the town centre, the Foundry is a spacious single bar operation which has recently been refurbished in a contemporary style. There is also a full catering kitchen with a strong food business currently in operation.
The ideal candidate will be an experienced food operator,with 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.
Estimated Ingoing costs
| Fidelity Bond | £10,000 |
|---|---|
| Rent in advance (monthly)* | £2,333 |
| Stock (estimate)* | £6,000 |
| Fixtures and Fittings (estimate)* | TBC |
| Legal fees (estimate) | £1,000 |
| Training fees | £800 |
| Lease premium | N/A |
| Stamp duty (estimate) | N/A |
| Estimated total* | £20,133 |
*Excluding VAT
Notes
| Annual rent | £28,000 |
|---|---|
| Rateable value | £8,000 |
| 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.
Anne Marie and Billy
Anne Marie and Billy Lennox, Lessees of Grays of Fallin, Stirlingshire. Read their story
