Property Description
Pub Overview
A refurbishment investment of around £150,182 is planned to transform the Empire Bar into a refreshed and welcoming community pub. What would you do with this pub to make it a success?
About the area
The Empire Bar is located in Burnbank, Hamilton, an area with strong historical roots as a former 19th-century mining village. Situated on a residential estate, the pub is well placed to serve the surrounding local community and has the potential to become a popular social hub for local residents.
There are 665 adults within a 10-minute walk and 1,154 within a 20-minute walk, providing a strong local catchment. Within the immediate area there is only one direct pub competitor, the Glenlee Bar located across the road, which is described as a tired and underinvested wet-led venue. This presents a clear opportunity for the Empire Bar to stand out following refurbishment.
The pub currently operates with a value-led, traditional offer and relies largely on weekend trade, with limited daytime use. Following the refurbishment, the refreshed look and feel will help reposition the pub to appeal to a broader and more diverse customer base, encouraging more frequent visits and increased walk-in trade from the local community.
The offer
Empire Bar is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the Refurbishment Details section for details of the investment being made.
Who we're looking for
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for Empire Bar will have extensive experience in wet-led community pubs. They will have a clear vision for a strong drinks offer, engaging sports and entertainment, and effective local marketing, creating a welcoming venue where the community can socialise, watch sport, and enjoy games such as pool or darts.
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…
The refurbishment of the pub will cover the interior. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
Main trading area with bar
Snug seating area
83 internal covers
HEINEKEN SmartDispense system
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
The pub has no private accommodation.
Premises license available on request.
Agreement Type
Investment Tenancy
Property Facilities
Refurbishment Planned
Live Music
Pub Games
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* 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
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
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.
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