Property Description
Pearces Bar Edinburgh is available on our Management Agreement, Just Add Talent. It combines our tried-and-tested pub concept with industry-leading training and support for you and your team. Click here for more information on Just Add Talent.
This is your opportunity to run a ready-made pub with no utilities, stock, rent or maintenance costs. We also supply ready-to-go till, stock ordering and health & safety systems. You can rest assured knowing that we do the detail, so you can Think Bigger.
If you’ve got the talent to manage a team, deliver great service, and know your local community, this is your chance to build a successful pub business.
So, what would you do with Pearces Bar Edinburgh to drive forward our pub concept?
About the pub
Pearces Bar Edinburgh brings people together over premium drinks and live events in stylish surroundings where energy builds from day to night. A full refurbishment of this pub is planned to help you drive trade. Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Located on Elm Row in Edinburgh city centre, just a 5-minute walk from St James Quarter and the start of Princes Street, the pub sits in a busy, high-footfall area with a vibrant hospitality scene. There are 11,261 adults within a 10-minute walk and 53,506 within 20 minutes, offering strong local trade alongside passing footfall. The area over-indexes in a younger, affluent demographic and benefits from a mix of residents, workers and tourists, providing a broad and valuable customer base. Competition is varied within walking distance, but there is clear opportunity for a well-positioned contemporary pub to stand out.
The offer
The food currently makes up 20.9% of the pub's total sales. Trade is driven through a number of ways including premium drinks, live events, city centre footfall, tourist trade, and a strong food offer supported by an updated kitchen. We're also really interested to hear your ideas on how you would drive trade.
Who we're looking for
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
If you’re enthusiastic and you have what it takes to deliver great retail standards.
You love hospitality and are great with customers.
Bring creativity to build a year-round calendar of events that keeps customers coming back.
Hands-on experience with kitchen management and food in a retail environment
You know how to a create a vibrant, contemporary pub that stands out from the crowd to keep trade flowing all week.
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 will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section. The investment will refresh the external appearance while retaining the iconic Pearces look, alongside a full internal redecoration to create a more premium, contemporary feel. The kitchen will also be upgraded to support a strong food offer, helping broaden appeal and drive additional trade.
The pub's trading area and facilities post refurbishment will be:
Main trading area with bar
Internal covers for approximately 83 customers
External seating for circa 22 customers
Core catering kitchen
HEINEKEN SmartDispense
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
Just Add Talent
Property Facilities
Refurbishment Planned
Live Sports
Kitchen
Outdoor Trade
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.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
