Downfield Hotel

530 Strathmartine Road, Dundee, DD3 9BR

An excellent established business ready for further growth

Known as Doc Stewarts by the local community, the Downfield Hotel is the perfect meeting and gathering place to enjoy a lovely family meal or with friends to catch up while watching live sports. This site has lots to offer from theses three key income streams, public bar, restaurant and function room. There is a large lounge/restuarnt with additional dining/function space, accommodating extensive food sales while there is a small function room on the first floor. A traditional community public bar is thriving with locals chating and having fun.

Location

Known as Doc Stewarts by the local community, the Downfield Hotel is the perfect meeting and gathering place to enjoy a lovely family meal or with friends to catch up while watching live sports. This site has lots to offer from theses three key income streams, public bar, restaurant and function room. There is a large lounge/restuarnt with additional dining/function space, accommodating extensive food sales while there is a small function room on the first floor. A traditional community public bar is thriving with locals chating and having fun.

Business Information

Annual rent

£64,000

Weekly rent

£1,231

Entry costs

£90,260

Turnover royalty

n/a

Forecasted Operator Turnover

£835,727

Forecasted Operator Profit (inc machine profit)

£66,891

Forecasted Operator Machine Profit

£5,000

Average Beer & Cider Discount*

Blended £144

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

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

Entry Costs approx £90,260.00 which includes, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is equal to 25% of head rent. Fixtures and Fittings are valued at approximately £60,035.00 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£16,000

Fixtures & Fittings

£62,035

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,250

Total Entry Costs

£90,260

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 443 6,224 5,683
2017/18 451 6,161 5,528
2016/17 453 5,267 756

The site consists of a traditional public bar with a small decking area to the side, a large restaurant/lounge with an adjoining additional dining/function space ideal for private functions. There is parking to the rear for up to ten cars with roadside and nearby off-street parking.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

90

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

Yes

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

10

Current Premises License Opening Hours

Mon - Sat 11:00 - 00:00
Sunday 12:30 - 00:00

Two bedroom flat with a living room, kitchen and bathroom

Private Rooms

5

Lounge

Yes

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

1

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am looking for an excellent new operator to continue to build this excellent business. The Downfield Hotel has great standards and service along with a consistent food offer, which are the key drivers of this brilliant business, whilst there is also room to expand, grow sales and profit. If this sounds like the right opportunity for you, then please contact our recruitment team for further information

Billy Guthrie, Business Development Manager

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