Powrie Bar Dundee
121 Cheviot Crescent, Dundee, DD4 9QRAgreement Type:
Foundation Tenancy
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Barrels Dundee
Barrels Dundee
45, Strathmartine Road, Dundee, DD3 7RW Pub Code: 0080949101
Pub Code: 0080949101
Investment TenancyEst Min Ingoing Costs: £51,099
Annual Rent: £32,399
Fully refurbished community pub in Dundee
What would you do with this pub to make it even more of a success?
The Barrels offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
The area
The Barrels is located in the town of Dundee. It is close to Dens Park and Tannadice Park and sits within an area of 8,154 adults in a 10-minute walk time and 27,154 in a 20-minute walk time. The customer base is a mix of mature and young demographics and over-indexes towards mature adults.
The Barrels is surrounded by shops, food and retail outlets and mixed housing. It is also part of a close circuit of four other pubs.
The offer
The Barrels is available on our investment tenancy agreement. Click here for more information on this agreement.
This refurbishment will transform The Barrels into a traditional community pub with an offer for everyone. The pub will cater for all major occasions including sports, entertainment, drinking and food, creating an appealing destination for the local community.
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 Barrels will have extensive experience in destination community led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy 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
The Barrels will be undergoing a refurbishment which will cover the full interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The Barrels’ trading areas and facilities post refurbishment will include:
- Main trading area with bar
- 108 internal covers
- 78 external covers
- Catering kitchen
- SmartDispense
- Beer garden
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
The pub has no private accommodation.
Estimated Total Ingoing Costs
£51,099
Estimated Minimum Ingoing Costs
£51,099
Annual Rent
£32,399
Estimated Annual Turnover
£532,235
Deposit
£8,099
Estimated Fixtures & Fittings Value
£31,500
Estimated Stock Valuation
£8,000
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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