Queens Hotel

9 Allardice Street, Stonehaven, AB39 2BS

COSTAL LOCATION WITH NINE LETTING ROOMS

The Queens Hotel, located in the coastal town of Stonehaven is a multi-faceted business, offering something for everyone. The public bar is bustling with locals, debating current affairs and socialising, whilst the lounge bar offers food throughout the day. The lounge bar was refurbished within the last two years to a high standard. Additionally, the site offers nine letting rooms, six of which are en-suite. The site is ideal for someone who can deliver outstanding service and standards whilst demonstrating an entrepreneurial approach to further develop revenue streams and profit, to make the Queens Hotel a fabulous destination for locals and visitors to the area.

Location

Stonehaven is a coastal town in Scotland. It lies on Scotland's northeast coast and is approximately thirty miles from Aberdeen. Stonehaven has a number of tourist attractions, including the golf club, outdoor swimming pool and Dunotter castle.

Business Information

Annual rent

£43,000

Weekly rent

£827

Entry costs

£9,750

Turnover royalty

n/a

Forecasted Operator Turnover

£459,404

Forecasted Operator Profit (inc machine profit)

£43,548

Forecasted Operator Machine Profit

£1,000

Average Beer & Cider Discount*

£108.00

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation. Machine income shared 50/50

Entry costs approximately £9,750.00, 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 £6,000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£6,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£2,000

Other Costs

£1,250

Total Entry Costs

£9,750

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 & 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2021 68 352 1,691
2020 63 362 227
2019 161 996 151

There is a public bar, lounge/restaurant and 9 letting rooms, 6 of which are en-suite. There are approximately 60 food covers.

Trade Bars

2

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

60

Trade Gardens

0

Trade Patio Areas

0

Trade Rooms to Let

9

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Mon-Sun: 11:00-01:00

There is private accommodation on the top floor, offering 2 bedrooms, lounge, kitchen and bathroom

Private Rooms

5

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced hospitality professional or someone with experience of managing or operating a multi-faceted business. The Queens Hotel has so much to offer and represents a fantastic opportunity to further develop sales and profitability. To find out more, please contact our recruitment team

Billy Guthrie, Business Development Manager

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