Osnaburg

23 Osnaburg Street, Forfar, DD8 2AA

The historic Osnaburg Bar has bags of character and history and needs a new operator!

The BEST local in town, this good sized bar and lounge is in pristine condition since the site was refurbished to a high standard in 2017. This is a fantastic opportunity for the right operator to increase sales and profit, within a traditional pub, with heaps of history which is in need of someone to ensure the Oz continues to offer the warm welcome it is famous for. Planning a wide range of events, invigorating the current food and drink offers, whilst providing an unrivalled level of service and standards will be your path to success. The Osnaburg is a traditional gathering and meeting place appealing to variety of people from all walks of life. If you have what it takes to run your own successful pub business, we want to hear from you now!

Location

The BEST local in town, this good sized bar and lounge is in pristine condition since the site was refurbished to a high standard in 2017. This is a fantastic opportunity for the right operator to increase sales and profit, within a traditional pub, with heaps of history which is in need of someone to ensure the Oz continues to offer the warm welcome it is famous for. Planning a wide range of events, invigorating the current food and drink offers, whilst providing an unrivalled level of service and standards will be your path to success. The Osnaburg is a traditional gathering and meeting place appealing to variety of people from all walks of life. If you have what it takes to run your own successful pub business, we want to hear from you now!

Business Information

Annual rent

£21,000

Weekly rent

£404

Entry costs

£25,585

Turnover royalty

n/a

Forecasted Operator Turnover

£250,192

Forecasted Operator Profit (inc machine profit)

£21,943

Forecasted Operator Machine Profit

£1,000

Average Beer & Cider Discount*

£144.00

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approx £25,585.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit.

Deposit

£6,000

Fixtures & Fittings

£15,315

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£2,000

Other Costs

£1,295

Total Entry Costs

£25,585

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)
2018/19 166 203 2,423
2017/18 218 763 2,665
2016/17 208 634 2,237

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 thirty five people for bar meals, although the bar has adequate space for bar lunches.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

No

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

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

No private accommodation available.

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

The historic and charming Osnaburg Bar is the best local in Town and is famous for its warm and friendly welcome. The site is in excellent condition and any new operator has heaps of potential to take the Oz to the next level. I am looking for a community focused operator who can breathe new life into this great Pub. If that person is you, contact the recruitment team for more information

Billy Guthrie, Business Development Manager

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