Pub Overview The area The Park Lane is located in the town of Glasgow, close to Glasgow Central Train Station.
The pub is surrounded by commercial businesses.
And other bars, cafes and restaurants.
The offer Available on our foundation tenancy agreement.
Click here for more information on this agreement .
The potential of this pub lies in maintaining a strong competitive wet-ledoffer.
What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via tourists, people visiting Glasgow City Centre, live entertainment and live sports.
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?
Attitude is more valuable than experience.
If you've got the following, we'd love to hear from you.
Understanding of the local community You know what it takes to build a successful business You love hospitality and are great with customers 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...
Features Foundation Tenancy Live Sports Trading Area & Facilities Main trading area with bar Private Accommodation The pub has no private accommodation.
Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £22,250 Estimated Minimum Ingoing Costs £11,417 Annual Rent £35,003 Estimated Annual Turnover £389,372 Deposit £8,750 Estimated Fixtures & Fittings Value £5,000 Estimated Stock Valuation £5,000 Estimated Working Capital £3,500 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.