Investment Opportunity

Abergeldie Bar

504-506 Holburn Street, Aberdeen, Aberdeenshire, AB10 7LY

Gallery

(Click to enlarge)

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Pub overview

We’re investing in this pub, now we need the right person to run it

We have plans for this business – quite literally – there are first stage proposals for developing the Abergeldie into a modern retail pub that makes the most of its location. Now is the time to talk to us as you can help shape our ideas to build a unique business that’s right for you. This pub has the potential to become a great gathering, eating and meeting place for friends and families all year round. We are planning to update the space and provide direct access to the beer garden which currently can only be reached by an alley alongside the pub – making it even more popular with customers and easier to manage service during the summer months.

We’ll help you with training to make the most of this investment and when you refocus your food offer, you could consider the Greene King Food & Supplies Service which provides menus, ingredients, training, marketing support and everything you need to serve great food at better margins than you could achieve yourself. You’ll need to have a clear sense of your community to create a space that delivers pool, darts, karaoke and entertainment to ensure there ‘is always something on’ and that the pub stays in the hearts of customers.

The pub has a main bar and adjacent lounge bar with a popular pool table. Outside is a substantial and well-tended beer garden which we would look to provide direct access to in our redevelopment plans. This would optimise the layout and make the business easier to manage and more popular in the summer months.

Trade space
Bars 1
Dining rooms 1
Food covers50
Gardens 1
Trade kitchens 1

There is no private accommodation

Private space

Rent information

Annual rent£19,700 per annum
Weekly rent£378.85 per week fixed
Notes

£19,700 per annum, £378.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.

Entry costs approx £22,600 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000).

Brokers£0Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£9,500Working capital£3,000
Other costs£3,125Total entry cost£22,600

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/1814531016
2016/1715127
2015/1614527
Volume notes

Location

The pub is on the outskirts of the city centre in a fairly affluent area of Aberdeen with numerous residential properties within the pub catchment area. Most of your potential customers live in flats or terraced houses but these have a high degree of ownership. Socially, residents are mostly C1 (supervisory) or C2 (semi-skilled) and average age is around 30-44. With a large number (55%) of single people along with high levels of single occupancy, this pub is in a prime location for socialising.

Facilities

Trade bar
Dining area
Pub garden
Trade kitchen

Current premises licence opening hours

Monday - Saturday - 11.00hrs - 00:00hrs Sunday - 12.30hrs - 00:00hrs

Contact Us

Billy Guthrie

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ We’re looking for a keen operator who can make the most of this investment and focus their attention on delivering the best quality and service to the local community to ensure that customers come back for more. ”