Parkway, Glasgow

Parkway is located 2 miles from Glasgow city centre on Paisley Road West, in the South West area of the city. This location benefits from excellent transport links, with easy access to the M8 motorway as well as frequent bus and train services to and from the city centre. The area, situated south of the River Clyde, is a sprawling, leafy, and creative community, known for its vibrant local culture and strong sense of community. The Parkway is surrounded by shops and residential areas, ensuring high foot traffic and making it a central hub for the local community.

Pub Layout

Currently operating as a wet-led venue, this sports-themed bar thrives on live televised sports and team games such as pool, darts, and dominoes. The bar is trading successfully, with a loyal customer base driven by its vibrant sports atmosphere. The function room offers an additional stream of revenue, with the potential for further growth through a targeted marketing strategy. At the rear of the building, a small garden area presents an exciting opportunity. With the right creative vision, this space could be transformed to further enhance the bar’s appeal and increase sales.

Private Accommodation

There is no private accommodation at this site.

Annual Rent: £49,000

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

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.

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

This is an exciting opportunity to take over a well-established pub business. Admiral Taverns is seeking experienced licensees who can expertly balance the demands of both the sports bar and the function room, ensuring each space complements the other. We are looking for individuals with a vision for transforming the garden area, as well as someone who is keen to introduce a food offering to boost sales and diversify the customer experience. Ideal candidates will be local or have strong local knowledge, bringing their own creative ideas to the business. They should have the ability to attract customers from further afield, develop a robust marketing strategy, and demonstrate a passion for growing the pub’s reach. The right licensee will keep the pub firmly embedded in the local community, ensuring it remains a key part of the local circuit. With a focus on increasing footfall, integrating themselves into the daily pub life, and turning this into the “go-to” destination for the area, this is an exceptional opportunity for the right person or couple.

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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 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 *