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Beer Garden
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External Drinking Area
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No Private Accomodation
Property details
Driftwood sits at the end of Sauchiehall Street in Glasgow, close to the M8 and well connected by Charing Cross and Glasgow Central stations. It is around a 10-minute walk from Glasgow city centre attractions and Glasgow University, putting it in a busy part of the city with a vibrant hospitality scene and strong passing trade. There are 12,838 adults within a 10-minute walk of the pub and 38,939 within a 20-minute walk. The surrounding market is competitive, with around 35 hospitality competitors within walking distance, so the opportunity is to give Driftwood a much clearer identity and a stronger reason to choose it over other venues nearby.
The pub currently trades predominantly as a wet-led business, relying heavily on weekends with limited daytime use and few destination visits. The refurbishment will reposition it for a broader and more diverse audience, with particular appeal to younger professionals, after-work socialising, walk-in customers and people making Driftwood a destination in its own right.
The pub's trading area and facilities post-refurbishment will be:
- Main trading area with bar
- Separate games and sports zone
- 80 internal covers
- 12 external covers
- Catering kitchen suited to a simple, easy-to-deliver food offer
- HEINEKEN SmartDispense
There is no private accommodation at this pub.
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Catering Kitchen
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Team Games
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Live Entertainment
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Live Sports
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Experienced Operator
Trading style
A refurbishment of around £254,000 is planned to transform Driftwood into a standout circuit bar with a stronger drinks offer, refreshed surroundings and new reasons to visit.
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring. The right operator for Driftwood will have extensive experience in high-volume, drinks-led hospitality businesses. They will have a clear vision for the drinks offer, simple street food menu, entertainment programme and marketing strategy, and can create a memorable experience for their customers.
The operator will need to maximise the pub's city-centre location and use the refreshed bar, social gaming offer and events programme to build both destination and repeat visits. There is also scope for the new operator to shape the offer, with the brief open to further ideas that strengthen the pub's appeal.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 2302151101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£46,206.00
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Annual Rent:
£41,122.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Annual:
Estimated Annual Turnover £494,064
Annual Rent £41,122
Entry Costs:
Deposit £10,281
Estimated Fixtures & Fittings Value £27,425
Stock Valuation £5,000
Working Capital Required £3,500
Indicative entry costs £46,206
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.