Temple Lane
1 Temple Lane, Dundee, DD1 4HA
FREE OF TIE OPPORTUNITY
Tom's in Dundee is a small lounge style Cocktail Bar, in the heart of Dundee's student area. The bar focuses on cocktails and spirits (there is no draught beer) and the new operator will need to plan and promote great events, offer an outstanding drinks range and create a unique offer to drive footfall and get people talking. The bar attracts a mostly female customer base within the 18-25 age group. The bar is well presented with vibrant décor and a great layout.
Bar
Location
Dundee is Scotland's fourth-largest city and the 51st-most-populous built-up area in the United Kingdom. Dundee is promoted as "One City, Many Discoveries" in honour of Dundee's history of scientific activities and of the RRS Discovery, Robert Falcon Scott's Antarctic exploration vessel, which was built in Dundee and is now berthed at Discovery Point. Biomedical and technological industries have arrived since the 1980s, and the city now accounts for 10% of the United Kingdom's digital entertainment industry, including mobile app development and gaming. Dundee has two universities – the University of Dundee and Abertay University.
Business Information
Annual rent
£25,000
Weekly rent
£481
Entry costs
£19,375
Turnover royalty
n/a
Forecasted Operator Turnover
£197,179
Forecasted Operator Profit (inc machine profit)
£24,933
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
Preferred
Type of Tie
Free of Tie: All products
Agreement
Standard Tenancy Agreement. A fixed 5 year term
Entry costs approximately £19,375.00, 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 £6,000 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
£6,250
Fixtures & Fittings
£6,000
Legal Admin Fee
£825
Broker Fee
£0
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£19,375
THIS PUB BEEN FREE OF TIE FOR LAST 3 YEARS.
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2022 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 |
| 2020 | 0 | 0 | 0 |
The trade space is small and trendy with vibrant décor.
Trade Bars
1
Trade Dining Areas
0
Trade Kitchens
0
Trade Food Covers
0
Trade Gardens
0
Trade Patio Areas
0
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Sun-Thu: 11:00-00:00
Fri-Sat: 11:00-01:00
There is no accommodation on site
Private Rooms
0
Lounge
0
Dining Rooms
0
Double Bedrooms
0
Single Bedrooms
0
Bathrooms
0
Toilets
0
Private Kitchens
0
Offices
0
Bedsits
0
This is a great opportunity for someone who either has or hasn't run a bar before, although management experience in a similar style of venue would be advantageous. Tom's is located in a student area, therefore the new operator I am looking for will need to be able to plan ahead and create events which give people a reason to visit. If you would like further information about Tom's, please contact the recruitment team.
Billy Guthrie, Business Development Manager
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