Barrels Dundee
45 Strathmartine Road, Dundee, DD3 7RWAgreement Type:
Foundation Tenancy
View details for Barrels Dundee
Powrie Bar Dundee
Powrie Bar Dundee
121, Cheviot Crescent, Dundee, DD4 9QR Pub Code: 2302898101
Pub Code: 2302898101
Business Start Up AgreementEst Min Ingoing Costs: £10,927
Annual Rent: £17,118
Great opportunity to drive a busy wet led traditional pub.
What would you do with this pub to make it even more of a success?
The area
The Powrie is located in the town of Dundee, close to a local dog walking park. The pub is surrounded by shops, food and retail outlets and mixed housing.
Demographics
The pub benefits from being one of 3 pubs found in an area of around 5,000 adults. 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 maintaining a value driven wet-led offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports, live entertainment and pub games machines. 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?
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
- 40 internal covers
- Function room
- Pool table, dart board and games area
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£21,780
Estimated Minimum Ingoing Costs
£10,927
Annual Rent
£17,118
Estimated Annual Turnover
£256,232
Deposit
£4,280
Estimated Fixtures & Fittings Value
£8,000
Estimated Stock Valuation
£6,000
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:
121, Cheviot Crescent, Dundee, DD4 9QR
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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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