Stag Hotel
21-23 High Street, Moffat, DG10 9HL
MULTI FUNCTIONAL BUSINESS, WITH SEVEN LETTING ROOMS
This well-established hotel business requires a new operator following the retirement of the current tenants. The Stag is a seven bedroom hotel situated in a prominent position at the top end of the high street in the town of Moffat. The hotel is well loved in Moffat with both tourists and locals and boasts a public bar, restaurant and beer garden, with a separate one-bedroom managers flat situated next door. The site is predominately wet led with drink sales providing around sixty four percent of sales. This means there is excellent opportunity to further grow the food business and letting room occupation. A good quality food offer, excellent standards and great service will be essential to the future growth of the Stag Hotel.
Bar
Dining areas
Garden
Kitchen
Location
Moffat is a former burgh and parish in Dumfriesshire, which is now part of the Dumfries and Galloway local authority area in Scotland, lying on the River Annan, with a population of around 2,500. It was a centre of the wool trade and a spa town. Moffat is around 59 miles to the southeast of Glasgow and 51 miles to the south of Edinburgh. The Stag Hotel is situated on the High Street, surrounded by shops. bars, restaurants and cafes.
Business Information
Annual rent
£18,500
Weekly rent
£356
Entry costs
£8,650
Turnover royalty
n/a
Forecasted Operator Turnover
£323,816
Forecasted Operator Profit (inc machine profit)
£19,026
Forecasted Operator Machine Profit
£1,250
Average Beer & Cider Discount*
£126
Type of Tie
Partial tie: Tied All Beer & All Cider
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 £8,650.00, 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 £2,000. Fixtures and Fitting will be rented with weekly payments made.
Deposit
£2,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£0
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£8,650
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 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2020 | 22 | 44 | 628 |
| 2019 | 95 | 2 | 288 |
| 2018 | 117 | 0 | 5 |
The Stag Hotel consists of seven letting bedrooms, restaurant, bar/lounge, commercial kitchen and rear beer garden. The bedrooms are located on the first and second floors with all other amenities situated on the ground floor. There is a separate one bedroom managers flat next door to the hotel, which can be used for staff or as an additional letting opportunity. The hotel is within walking distance of all the amenities in town and has on street parking.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
40
Trade Gardens
1
Trade Patio Areas
0
Trade Rooms to Let
7
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
6
Current Premises License Opening Hours
Sun - Wed: 11:00-23:00
Thu - Sat: 11:00-00:00
There is a separate managers flat situated next door to the hotel. This comprises of a separate kitchen, double bedroom, lounge and bathroom.
Private Rooms
4
Lounge
1
Dining Rooms
0
Double Bedrooms
1
Single Bedrooms
0
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
0
Bedsits
0
I am seeking an experienced operator who knows how to operate a multi-functional business and has a great understanding of the local marketplace. Experience of letting rooms, food and excellent standards of service will be critical to your success. If this is the right opportunity for you, then please contact the recruitment team for more information.
Sandra Donnelly, Business Development Manager
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