Are you looking for Pubs With Tenancies In the Newburgh area ? Why not run ‘The Abbey Inn’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Abbey Inn is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pubs With Tenancies In Newburgh – The Abbey Inn Is Now Available !
Abbey Inn, Newburgh
The Abbey Inn is set on the main road in Newburgh, a parish of Fife at the south shore of the Firth of Tay. With a small population of 2171, this area is quiet but has an abundance of historical attractions, alongside the industrial heritage and a long history of fishing, the area is also well known for its walkers, cyclists and outdoor sports providing the best location for the perfect getaway.
Pub Layout
Upon entrance from the main road, this L shaped, two-room operation provides the main bar experience complete with pool table and the traditional, cosy lounge area for those quieter evenings. The main bar is L-shaped with steps down to the pool table. There is a small kitchen area located at the rear of the pub which could be used for a small back bar food offering alongside breakfasts for the letting rooms. The main bar is complimented by a small lounge area. With a mixture of stone and panelled walls, fixed and loose seating, this area is cosy and snug for those perfect evening drinks. There are three letting rooms, all ensuite consisting of two doubles and one family room located on the first floor with potential to increase income. Outside to the rear of the pub are stables, which if converted, could add additional seating areas or an area for private functions alongside the beautiful beer garden area overlooking the orchard and beautiful views of the river.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pubs With Tenancies In Newburgh – The Abbey Inn Is Now Available !
Pubs With Tenancies In Newburgh – The Abbey Inn Is Now Available !
Abbey Inn, Newburgh
Currently the pub is operated mainly as a wet led traditional local with pub sports such as pool and darts, this can provide an opportunity for local teams to join, enhance a premium drinks offer and introduce cask ales. A small commercial kitchen can be used to offer a small food menu daily and increase sales for the three letting rooms with a Bed and Breakfast offering. Outside there are stables which could be converted to an outside seating area expanding the beer garden area.
The area is well known for its walkers, cyclists and outdoor sports to add to the sometimes-quieter day time trade and encourage further support of the local villagers.
Private Accommodation
The private accommodation consists of one good sized bedroom with private lounge and bathroom.
Letting Accommodation
There are three letting rooms, all ensuite consisting of two doubles and one family room.
Abbey Inn, Newburgh
Annual Rent: £18,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £3,000
F&F: TBC (Funding options may be available)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 11000
Annual Cost: 18000
Abbey Inn, Newburgh
Ideally the right person would become totally immersed in the local community, bringing a fresh set of eyes to the business, enhance the current offer with additional premium brands and cask ales, rejuvenate a regular daily food offer to attract new customers throughout all trading periods of the week and be proactive in building the business and forging friendships within the community. Someone who is willing to check out the local businesses, trying to work together to evolve this and become the best Community Pub in the area.
