Pub Overview Major refurbishment planned What would you do with this pub to make it even more of a success? The area Fantastic location The Lauders is located in a densely populated neighbourhood north of Dunfermline city centre. The surrounding area is densely populated. There are just over 9,000 people adults that live within a 20 min walking distance of the pub giving it a great catchment. There are no other pubs within a 20 min walking distance of the pub however there are range of independent bars, cafes and chains in town centre. We will be redecorating the entire interior of the pub. The trading areas will be refurbished and redecorated to create a modern pub with a variety of spaces for drinking and eating. A full external redecoration of the signage will rename the pub and drive great kerb appeal The offer When refurbished, The Lauders will offer: • An extensive range of classic and premium lagers, spirits, wines, and cocktails and low and no alcohol options. • A crowd pleasing menu full of pub classics to complement the drinks offer. • The entertainment offer should complement the pub with regular events such as weekend music, DJ’s and pub quizzes The Lauders is available on our investment tenancy agreement. Click here for more information on this agreement. 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 pubs next chapter Features Foundation Tenancy Refurbishment Planned Catering Kitchen Live Sports Pub Games Car Park Outdoor Trade Trading Area & Facilities The Lauders will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pubs trading area and facilities post refurbishment will be: Main trading area with bar Separate dining room 84 internal covers 34 external covers Catering kitchen Smart Dispense Beer garden Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016). Private Accommodation There is no private accommodation at this site. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £50,318 Estimated Minimum Ingoing Costs £19,681 Annual Rent £32,173 Estimated Annual Turnover £444,596 Deposit £8,043 Estimated Fixtures & Fittings Value £25,275 Estimated Stock Valuation £7,000 Estimated Working Capital £10,000 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. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow Refurbishment Details Download arrow