Sharky's

21 George Street, Montrose, DD10 8EW

A BAR THAT'S GOT SOMETHING FOR EVERYONE

Sharky's, located in Montrose is ideally located just off the main town centre and is frequented by locals and visitors during the tourist season. The site comprises of a main lounge bar where food is served daily with good space for vertical drinkers and those looking to relax. A large function/entertainment space on the first floor can and is used for parties, DJ’s and events. Sharky's is well known as a later night venue for the 18-30 age group, whilst a more mixed customer type visit and enjoy the vibe, music and entertainment as well. There is a decent sized beer garden and car parking.

Location

Montrose, Angus is around 30 minutes north of Dundee and 40 minutes south of Aberdeen. The location is popular with both locals and visitors with many day trip tourists visiting the town and surrounding areas all year around. Montrose golf club is said to be the 5th oldest golf club and course in the world.

Business Information

Annual rent

£24,000

Weekly rent

£462

Entry costs

£12,650

Turnover royalty

n/a

Forecasted Operator Turnover

£434,350

Forecasted Operator Profit (inc machine profit)

£29,428

Forecasted Operator Machine Profit

£1,100

Average Beer & Cider Discount*

£144

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

1 year foundation agreement. Machine income shared 50/50.

Entry costs approximately £12,650, 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

£5,000

Other Costs

£1,150

Total Entry Costs

£12,650

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 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)
2023 99 1,272 11,333
2022 111 1,943 12,319
2021 48 689 4,287

There is a main lounge bar area (80/90% of the business is generated here). In addition, there is a large function/entertainment space on the first floor with an additional space which is currently used as a pool room but can be hire out for private events.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

60

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

1

Customer Car Park Spaces

6

Current Premises Licence Opening Hours

Mon - Wed 11.00-00.00
Thu - Sat 11.00- 01.00
Sun - 12.30 to 01.00

There is no private accommodation at this site

Private Rooms

1

Lounge

0

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

Given the market this site trades to, a person with a vibrant enthusiastic personality would be ideal to deliver the expected standards and offer which would drive footfall to generate sales and profitability. Someone with experience and know how to deliver an offer to attract the 18 – 30 sector, while also catering for a wider segmentation of customer could really take this business to another level.

Billy Guthrie, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.