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TOWN CENTRE SITE

Driftwood New

St Georges Road, Glasgow, Glasgow, G3 6UJ

Ingoing Cost: £18,500
Annual Rent: £60,000

Features
Trading style
Key financials

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No Private Accomodation

Property details

The Driftwood is located in the city of Glasgow, situated on Sauchiehall Street. The pub is surrounded by commercial businesses. Glasgow City Council is planning a major transformational refurbishment to the area in the coming years, with a spend planned of over £250 million. The pub benefits from being one of many pubs found in an area with around 12,838 adults. The majority of the customer base is made up of a mix of tourists, office workers, commuters, and students.

Trading Area & Facilities:

Glasgow City Centre location
Main trading area with a bar
60 internal covers
Small kitchen

There is no private accommodation with this pub.

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Catering Kitchen

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Experienced Operator

Trading style

The potential of this pub lies in introducing a new concept with a 10:90 food & drinks offer. The site currently has the ability to drive trade via a strong live entertainment and a basic food offer. It offers a selection of popular beers, ciders, wines and spirits, and coffees.

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 the pub will have extensive experience in a high street hospitality business. They will have a clear vision for their drinks menu, marketing strategy, and entertainment offer, and can create a memorable experience for their customers.

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

Reference Number: 8M9JTW / 2302151101
Agreement Type: Tenancy

Min Ingoing Cost: £18,500.00
Annual Rent: £60,000.00

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 Rent £60,000
Estimated Annual Turnover £936,000
Deposit £15,000
Estimated Fixtures & Fittings Value £12,000
Estimated Stock Valuation £10,000
Estimated Working Capital £3,500

Estimated Total Ingoing Costs £40,500
Estimated Minimum Ingoing Costs £18,500

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.

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