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No Private Accomodation
Property details
The Penny Farthing is a corner terrace building on Cathcart Road, Glasgow. Ideally located on the main road, surrounded by local shops and chimney pots The Penny Farthing is in a prime location with extensive passing footfall. With excellent transport links by train and bus directly to Glasgow city centre, it also boasts direct links to the M77 motorway.
From the street, you will enter the main bar area of the Penny Farthing. This is a spacious area split between a main bar and lounge area in open open-plan style. Dominated by the uniquely shaped galley-style traditional bar to the right-hand side of the room the main bar area is complete with wooden floors, fixed wall-benched seating alongside low-level loose tables and chairs, with TVs on the walls showing all televised sports. Through an archway to the lounge area, you will find benched booth areas, carpeted floors, and subtle decor providing the perfect ambiance for a quiet drink. This is in stark contrast to the main bar area yet balances perfectly within this open-plan space.
There is no private accommodation at this site.
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Live Sports
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Experienced Operator
Trading style
The Penny Farthing is a wet-led pub with an established clientele of local regulars where everyone is always welcome. It prides itself on community spirit with the retail offer focused on pub sports with HD TV screens showing as much live sport as possible including FA Premier League, rugby & internationals. Pub sports teams such as Dominoes are regular favourites alongside Sunday fun day providing bingo, play your cards right, and music throughout the evening. Karaoke is also a firm favourite ensuring a busy calendar full of events.
The landlords are seeking an experienced, community-focused licensee, who will be able to connect with the locals and make the pub the hub of the local community. Ideally, the new licensee should have knowledge of the area, unlock the untapped growth potential for wet sales, and be creative and passionate about local events. A strong marketing plan incorporating televised and pub sports, quizzes, and local charity events, alongside building on the established trade will ensure that Penny Farthing will continue to be the pride of the local community.
Key financials
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Reference Number:
IU3WDL / P03992
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£10,000.00
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Annual Rent:
£25,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £25,000
Security Deposit: £5,000
Working Capital: £2,000
Stock: £3,000
F&F: TBC – funding options may be available for the right licensee.