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Wig Aberdeen
55-56 Castle Street, Aberdeen, AB11 5BAAgreement Type:
Investment Tenancy
View details for Wig Aberdeen
Carlton Bar Aberdeen
Carlton Bar Aberdeen
32, Castle Street, Aberdeen, AB11 5BB Pub Code: 0080302101
Pub Code: 0080302101
Foundation TenancyEst Min Ingoing Costs: £7,875
Annual Rent: £16,500
The Carlton bar is a great community wet led local pub.
What would you do with this pub to make it a success?
The area
The Carlton Bar is located in the city centre of Aberdeen, situated in Castlegate Square and is surrounded by Castle Street and Castle Terrace. It is signified by a historical landmark, Mercat cross, which was built in 1686. The pub is also surrounded by shops, bars and food outlets alongside other commercial and residential properties. The Carlton Bar is less than a 10-minute walk from the train station and Aberdeen Beach Boulevard.
Demographic
The pub benefits from being situated just off Union Street, in the popular Castlegate area of Aberdeen. The pub will benefit from significant Council investment in the coming years as they built the corridor to connect the beach and city centre. The existing customer base is primarily made up of residents, with a great opportunity to attract young professionals, students & tourists.
The offer
Available on our 3-year Foundation Tenancy, the potential of this pub lies in driving the 100% wet led offer through great service, a friendly atmosphere, and maximising midweek trade. The Pub also has a function with a private bar that can accommodate large groups for meetings, private functions and weddings. What drinks would you look to implement in the pub?
The site currently has good live entertainment, live sports and a strong weekend following. It offers a selection of popular beers, ciders, wines and spirits. We’re always open to new ideas, what would you do to drive trade?
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- Understanding of how to build a successful business
- Love hospitality and are great with customers
- A great vision for the future of this pub
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 dining room
- 50 internal covers
- 20 external covers
- Function room
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£14,625
Estimated Minimum Ingoing Costs
£7,875
Annual Rent
£16,500
Estimated Annual Turnover
£182,077
Deposit
£4,125
Estimated Fixtures & Fittings Value
£4,000
Estimated Stock Valuation
£3,000
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:
32, Castle Street, Aberdeen, AB11 5BB
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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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