Afton Bar Paisley

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Job Description: Pub Overview Lively Local Pub Located on a main road in Paisley. The Afton Bar is a community pub which sits beside local shops and amenities ensuring passing trade. With residential property surrounding the site presents an excellent opportunity to create a loyal customer base. Currently entertainment and drinks focused, there is an opportunity to introduce local, quality craft beers and cask ales which Star Pubs & Bars can assist with. The introduction of a tasty, yet simple back bar food menu would enhance revenue. A timetable of weekly events including supporting local charities, quiz nights, live music and televised sport should be maintained. Innovative Operator Wanted. Do you have excellent vision and business management skills? If so, this could be the pub for you. You will also be able to immerse yourself in the local community and create a great environment for your customers to socialise in. Features Foundation Tenancy Live Sports Trading Area & Facilities Internally, the Afton Bar has a spacious open plan layout that can be divided into a space for live entertainment. There is a mixture of loose and booth seating. The focal point in the traditional and striking bar and there are feature cornices. Outside, the pub has good kerb appeal thanks to attractive signage and its corner aspect. Private Accommodation There is no private accommodation. Pub Financials Annual Rent £ 10,466 Estimated Annual Turnover £ 202,913 Deposit £ 2,616 Estimated Fixtures & Fittings Value £ 5,000 Estimated Stock Valuation £ 3,000 Estimated Working Capital £ 3,500 Estimated Total Ingoing Costs £ 14,116 Estimated Minimum Ingoing Costs £ 7,372 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.