Powrie Bar Dundee
121 Cheviot Crescent, Dundee, DD4 9QRAgreement Type:
Business Start Up Agreement
View details for Powrie Bar Dundee
Barrels Dundee
Barrels Dundee
45, Strathmartine Road, Dundee, DD3 7RW Pub Code: 0080949101
Pub Code: 0080949101
Foundation TenancyEst Min Ingoing Costs: £17,189
Annual Rent: £20,266
Long established Dundee pub, with great opportunity to drive a food offer
What would you do with this pub to make it even more of a success?
The area
The Barrels is located in the town of Dundee, close to Dens Park and Tannadice Park. The pub is surrounded by shops, food and retail outlets and mixed housing.
Demographics
The pub benefits from being in an area of around 27,500 people in a 20-minute walk. The majority of the customer base is made up of adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a value driven 50/50 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports, selection of pub games, such as pool, and darts and live entertainment. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their drinks menu, sports offer and entertainment offer and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- Separate function room
- 60 internal covers
- 50 external covers
- Medium sized kitchen
- Large garden
- Car park with 10 spaces
- Pool table, dart board and games area
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£38,567
Estimated Minimum Ingoing Costs
£17,189
Annual Rent
£20,266
Estimated Annual Turnover
£368,142
Deposit
£5,067
Estimated Fixtures & Fittings Value
£18,000
Estimated Stock Valuation
£12,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
45, Strathmartine Road, Dundee, DD3 7RW
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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