Steadings Kirkcaldy

Pub Overview

Fantastic Food Opportunity

Situated in a densely populated residential area of Kirkcaldy on a prominent main road site, the Steadings is a destination that has been refurbished to a high standard. Kirkcaldy contains a good cross-section of housing types. There are also many local businesses within the catchment area. Food sales are a driver of new business for this site and there is a clear opportunity to re-establish and grow this business further. Whether it's value meals or a traditional Sunday Lunch, food is a prerequisite. Providing an enviable drinks selection and creating an appropriate pub environment are equally important.

Entrepreneurial Community Operator Wanted

We are looking for a good community operator, who can drive both food and drinks sales and re-establish the reputation of the pub as the best of its type in the local area. You will need to demonstrate a commitment to friendly customer service and offering high standards of food and drink.

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

• Business Start Up Agreement
  
• Catering Kitchen
  
• Function Room
  
• Live Sports
  
• Pub Games
  
• Car Park
  
• Outdoor Trade
  

Trading Area & Facilities

The Steadings is a fairly large trading operation with the main bar and restaurant areas accommodating 50 covers. There is also a separate public bar and games area, with live TV sports and a function room. Marketing this space for private parties and celebrations will be key to maximising the potential of this pub. Following the completed refurbishment works, the Steadings has wonderful kerb appeal with modern signage and an excellent signage scheme. A fabulous timber framed, beer decking adds an abundance of additional seating. There is a large car park, which is shared with the adjacent Co-op store.

Private Accommodation

Please note there is no private accommodation is available at this site.

Pub Financials

Annual Rent £
26,370
Estimated Annual Turnover £
599,080
Deposit £
6,592
Estimated Fixtures & Fittings Value £
31,800
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
51,892
Estimated Minimum Ingoing Costs £
15,697

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.