Sharky's

21 George Street, Montrose, DD10 8EW

LOW INGOING COSTS AND 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

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

£7,650

Turnover royalty

n/a

Forecasted Operator Turnover

£261,791

Forecasted Operator Profit (inc machine profit)

£25,084

Forecasted Operator Machine Profit

£1,250

Average Beer & Cider Discount*

£126

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.

Entry costs approximately £7,650.00, 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 £3,000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£3,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£3,000

Other Costs

£1,150

Total Entry Costs

£7,650

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 60 506 2,053
2018/19 46 398 1,148
2017/18 60 915 1,461

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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