Property Description
The location:
Reputedly the oldest pub in Aberdeen, The Old King’s Highway is located in the city centre of Aberdeen, situated on The Green, less than a 5 minute walk from the train station. The pub is surrounded by shops, bars and food outlets alongside other commercial and residential properties.
Customer Demographics:
The pub benefits from being situated just off Union Street, in an increasingly popular area of Aberdeen that will be benefiting from significant Council investment in the coming years. The existing customer base is primarily made up of local residents, with a great opportunity to attract young professionals, students & tourists.
The offer:
Available on our 3 year Foundation Tenancy, the potential of this pub lies in driving the 100% wet led offer through great service, a friendly atmosphere, and maximising midweek trade. What drinks would you look to implement in the pub?
The site currently has good live entertainment, live sports and a strong weekend following. It offers a selection of popular beers, ciders, wines and spirits. We’re always open to new ideas, what would you do to drive trade?
Recruitment message:
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
Understanding of the local community
Understanding of how to build a successful business
Ability to engage with customers from behind the bar
A great vision for the future of this pub
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…
Trading area info:
Trading areas and facilities:
Main trading area with bar
Upstairs function room
The pub has no private accommodation.
Please see premises licence for full details.
Agreement Type
Foundation Tenancy
Property Facilities
Live Sports
Live Music
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* 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
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
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.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
