Nine Maidens

Laird Street, Dundee, DD3 9QU

A STRONG MULTI FUNCTIONAL BUSINESS

The Nine Maidens represents a great opportunity to take over a well established business, which benefits from various functions. Predominately, the site is wet led with drinks comprising 75% of the sales, with a traditional pub food menu alongside it. Additionally, there is a large three hundred capacity function room which is regularly used for a range of different events, including parties and theme nights. The room is one of the largest in Dundee and is very popular. The pub attracts a wide customer base from the local community and any new operator will need to be at the heart of this. Ensuring the standards and levels of service are correct is what you need to do here, as the foundations are strong and well established.

Location

Business Information

Annual rent

£60,000

Weekly rent

£1,154

Entry costs

£28,650

Turnover royalty

n/a

Forecasted Operator Turnover

£593,911

Forecasted Operator Profit (inc machine profit)

£61,233

Forecasted Operator Machine Profit

£2,600

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Average Beer & Cider Discount*

£144

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.

Entry costs approximately £28,650.00, 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 £6000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£15,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£12,000

Other Costs

£1,150

Total Entry Costs

£28,650

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)
2019/20 412 108 1,101
2018/19 447 496 4,163
2017/18 412 1,584 3,689

There is a large open plan public bar which includes a single bar and dining area with approximately sixty covers. There is also a large function room which can accommodation around three hundred people. Externally there is a beer garden and off road parking.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

Yes

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

20

Current Premises License Opening Hours

Sun-Thu: 11-00-00:00
Sat-Sun: 11:00-01:00

There is no accommodation on site

Private Rooms

0

Lounge

No

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced operator who has real knowledge and knowhow of how to run a busy, multi-functional business. The Nine Maidens is wet led but has a large function room and the new operator will need to engage with the local community who come from every walk of life to be successful here. If you would like to find our more information, please contact the recruitment team..

Billy Guthrie, Business Development Manager

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