01283 501999
Under Offer

Cornerstone

Main Street, Blantyre, Glasgow G72 9TD, UK
Initial Ingoings*:
£6,750
Rent:
£192 pw
Facilities
  • Accommodation (Private)
  • 12 Spaces Car Park
  • Cask Ale
  • 60 Covers Catering Kitchen
  • Live Entertainment
  • Live Sports
  • Outdoor Drinking Area
  • Team Games
  • Wifi

Overview

Could you run this pub?

The Cornerstone is a traditional Scottish pub situated in the heart of High Blantyre. A fantastic community pub that is well supported by people in the local community. This spacious pub is well known for serving high quality drinks and has a strong following for live TV sport viewing and regular live weekend entertainment. Its facilities boast a full catering kitchen and separate trading areas capable of catering for sit down meals and functions for up to 80 people.

Business facilities

The Cornerstone is a spacious pub boasting a large central bar with two slightly separated trading areas capable of providing different offers for customers to enjoy. As you enter the pub to your left there is a main bar area with fixed seating and space created that is perfect for viewing live TV sports. The other side of the central bar offers a more relaxed space, currently used as a wine and cocktail lounge with live TV viewing. There is a restaurant/function room situated towards the rear of the pub. This is a fantastic space offers seating up to 80 guests.

Accommodation

Your domestic accommodation will include one bedroom, a private kitchen and lounge

About the local area

The Cornerstone pub is situated in the heart of High Blantyre, a friendly town in South Lanarkshire with a strong community spirit.

Blantyre is bounded by the River Clyde, the second longest river in Scotland, and a short drive from Hamilton and East Kilbride.

This pub may suit

We are looking for experienced operators who have a clear passion for pubs that provide great food and drink. A great personality to build strong and lasting relationships within the local community and the ability to develop a food offer and host local events which drive customers to the pub all year round.

About the agreement

Our Tenancy agreements vary between 3 – 5 years and offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Development Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Development Manager

 

Financial Information

Initial Deposit*
£6,000
Full Deposit
£6,000
Legal Fees
£750
Maintenance Fund Per Week
£40
Fixrtures and Fittings Weekly Rent
£71
Working Capital
£2,000 - £4,000
Street Check
Click Here

Business Information

Weekly Rent
£192
Forecasted Annual Wet Turnover
£176,989
Forecasted Annual Food Turnover
£113,928
Forecasted Annual Other Turnover
£6,689
Weighted Average Discount Per Barrel
£131
Agreement
Tenancy 5yr

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