Sharky's

21 George Street, Montrose, DD10 8EW

AN EXCITING OPPORTUNITY, OFFERING VARIOUS INCOME STREAMS AND SCOPE FOR GROWTH. RENT STEPS AVAILABLE

Sharky's is a trendy and quirky pub that turns from a popular diner in the day to a lively cocktail bar at night with an added bonus of a dance area/DJ set. The pub often has live bands playing on the weekends and is known for its great food and service. We are looking for the right partner to drive footfall by providing excellent standards and service while ensuring the offer is aimed at the right market and customer base. Developing the existing food and drink offer is fundamental to the success of this business. Focusing and planning ahead to deliver the annual key event dates is crucial, while ensuring regularly planned events are part of the business strategy. Increasing food, drink sales and profit can be done through selected offers to encourage customers to visit and keep coming back. Montrose Bay is roughly a 5 minute drive from Sharky's or a 20 minute walk for those wanting to have a drink before venturing to the coast. RENT STEPS: Months 1-3 £12,000 Months 4-6 £18,000 Months 7-9 £24,000 Months 10-12 £24,000

Location

Sharky's is a trendy and quirky pub that turns from a popular diner in the day to a lively cocktail bar at night with an added bonus of a dance area/DJ set. The pub often has live bands playing on the weekends and is known for its great food and service. We are looking for the right partner to drive footfall by providing excellent standards and service while ensuring the offer is aimed at the right market and customer base. Developing the existing food and drink offer is fundamental to the success of this business. Focusing and planning ahead to deliver the annual key event dates is crucial, while ensuring regularly planned events are part of the business strategy. Increasing food, drink sales and profit can be done through selected offers to encourage customers to visit and keep coming back. Montrose Bay is roughly a 5 minute drive from Sharky's or a 20 minute walk for those wanting to have a drink before venturing to the coast. RENT STEPS: Months 1-3 £12,000 Months 4-6 £18,000 Months 7-9 £24,000 Months 10-12 £24,000

Business Information

Annual rent

£24,000

Weekly rent

£462

Entry costs

£34,125

Turnover royalty

n/a

Forecasted Operator Turnover

£259,921

Forecasted Operator Profit (inc machine profit)

£25,193

Forecasted Operator Machine Profit

£1,250

Average Beer & Cider Discount*

£126

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £34,125.00, 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 25% of head rent. Fixtures and Fittings are valued at approximately £20,000 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

£6,000

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£6,000

Other Costs

£1,150

Total Entry Costs

£34,125

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 46 398 1,148
2017/18 60 915 1,461
2016/17 70 1,037 2,227

The site has a main lounge bar area with seating for around sixty plus customers. The first floor area has a large function space with stage, adjacent dance floor/DJ area, all for various uses. Ladies and gents toilets are located in the main lounge area. Externally there is a licenced concrete beer garden accessed just off the lounge bar.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

6

Current Premises License 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

No

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

I am looking for an excellent operator, who knows how to maximise revenue from various streams, This is a multi faceted business, so business know how and acumen will be key to your success., alongside drive determination and an ability to deliver high standards of service. If Sharky's is exciting you, then please contact our recruitment team for further information

Billy Guthrie, Business Development Manager

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