Horseshoe Bar, Airdrie

The Horseshoe Bar is located on the main road between Coatbridge and Airdrie. Surrounded by shops and local housing and with a population of approximately 37,130 people, this prime location ensures continuous footfall for this popular venue. Airdrie provides excellent transport links, both via the M8 motorway and direct commuter train services to all major cities ensuring the town is a convenient base for visiting the nearby attractions of Glasgow, Edinburgh and Stirling, as well as the stunning landscapes of the Scottish Highlands.

Pub Layout

The trade area is split into two rooms, a main bar area and a function suite, complete with separate entrance. The main bar is spacious and is dominated by a bar to the left which spans the length of the wall. The room balances the wooden floor, part panelled, part painted walls with a mixture of fixed bench seating, low level loose tables and bar stools making this the perfect traditional local. TV’s for live sport adorn the walls showing all live sports and horseracing. The function room, in contrast to the main bar area is an array of low level loose seating complimented by booth areas and soft furnishings. To the right of the entrance there is a small raised area, complete with benched seating overlooking the dance floor and stage area. To the left of the entrance is the bar area complete with a small tabled area for buffets providing the perfect area for private events.

The Horseshoe bar is a wet only, community pub for the locals, complete with separate function room for private events. The Horseshoe prides itself on the busy calendar of events from Wednesday club, Friday night karaoke, Saturday night live music and Sunday fun day providing locals with something to choose from. The private function suite also provides the perfect venue for private events making it the ‘go to’ place for functions.

Private Accommodation

There is no private accommodation at this site.

Annual Rent: £20,500

Security Deposit: £5,000

Working Capital: £2,500

Stock: £3,000

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Admiral Taverns are looking for a licensee for the Horseshoe who is willing to put the community at the forefront of their business. Someone who will embed themselves in the local community, establish connections with local charities and businesses and focus on unlocking the untapped growth potential for wet sales, further develop the function side of the business and be creative and passionate about local events. A strong marketing plan, alongside building on the established trade will ensure the Horseshoe will continue to be the pride of the local community.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

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 – £60.89 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.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *