Pub Overview
Exciting refurbishment planned for a great community led pub with five letting rooms.
The area
We’re investing in transforming the Waverley Hotel in Bonnyrigg, Midlothian, just seven miles from Edinburgh. It’s well-placed near the high street and Bonnyrigg Rose football ground, appealing to both locals and visitors. With new housing developments nearby, younger families are moving in, and over 13,000 people live within a short walk, offering a strong customer base. The pub also offers five letting rooms, providing an additional revenue stream and appealing to visitors looking for accommodation.
The offer
The refurbishment will give the Waverley Hotel a modern yet welcoming feel, with updated décor and improved lighting. Outside, the refreshed look will boost its kerb appeal. With an extensive drinks selection, a menu of crowd favourites, and a spacious beer garden for over 50 covers, this pub has great potential to attract a diverse mix of customers.
Features
* Refurbishment Planned
* Letting Rooms
* Live Sports
* Outdoor Trade
* Pub Games
* Foundation Tenancy
Trading Area & Facilities
The Waverley Hotel will be undergoing a refurbishment which will cover the interior and exterior of the pub.
The pubs trading area and facilities post refurbishment will be:
* Main trading area with bar
* 30 internal covers
* 50 external covers
* 5 letting rooms
* Beer garden
* On street parking
* Smart Dispense
* Catering Kitchen
Private Accommodation
This pub has no private accommodation.
Pub Financials
Estimated Total Ingoing Costs: £47,746
Estimated Minimum Ingoing Costs: £47,746
Annual Rent: £38,983
Estimated Annual Turnover: £472,412
Deposit: £9,746
Estimated Fixtures & Fittings Value: £27,000
Estimated Stock Valuation: £7,500
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.
Downloads
* Demographics Report
* Energy Performance Certificate
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