23-23 Osnaburg Street, Forfar, Angus, DD8 2AA
The BEST local in town, this good sized bar and lounge is in pristine condition since the site was refurbished to a high standard around 18 months ago. This is a fantastic opportunity for the right operator to increase sales and profit, a real traditional pub with heaps of history in need of someone to ensure the Oz is bursting with character, warmth and a welcome for everyone who visits. Planning a wide range of events, introducing food and drink offers while providing an unrivalled level of service and standards will be a success.
A warm welcome awaits the frequent visitor and all new customers, we are looking for someone who knows what great service, quality and value look like to allow this gem of a pub to reach the next level and its true potential as a market leader. The Osnaburg is a traditional gathering and meeting place appealing to variety of people from all walks of life. If you have what is takes to run your own successful pub business, we want to hear from you now!
The main bar underwent refurbishment a few years ago and provides a good sized space for offering cask ales, premium lagers, beers and cider. The lounge bar/dining area can accommodate up to 35 people for bar meals, although the bar has adequate space for bar lunches.
No private accommodation available.
|Annual rent||£39,000 per annum|
|Weekly rent||£750.00 per week fixed|
£39,000 per annum, £750 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Approx £10,450 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent). *Fixtures and fittings valuation to be confirmed.*
|Fixtures & fittings||£0||Working capital||£2,000|
|Other costs||£1,295||Total entry cost||£10,270|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Situated in the thriving Angus town of Forfar, the Osnaburg is just off the High Street. Forfar is easily accessible from Dundee and Aberdeen, via the A90. The Angus Farmer's Market takes place every month offering local food to tourists and villagers and the local glens are popular with hill-walkers.