21 George Street, Montrose, Angus, DD10 8EW
The Sharky's has real potential and opportunity to develop its large site and maximise its sales and profit growth. There is scope to develop the existing food and drinks offer while utilising the sites space.
The 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 quite often has live bands playing on the weekends and is known for its great food and service.
The pub is situated in the small town in Montrose, Angus, a coastal town surrounded by Montrose Bay and also River South Esk either sides. 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. The Golf Club is roughly a 5 minute drive also. If coming from the South, Montrose is accessible by the A92 through Ferryden and over the bridge leading straight into the town.
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.
the site has a main lounge bar area with seating for around 60 plus customer. the first floor area has a large function space with stage, adjacent dance floor/DJ area, all for multi function use. ladies and gents toilets are located in the main lounge area. there is a licenced concrete beer garden accessed fro just off the lounge bar.
|Car park spaces||6|
there is no private accommodation
|Annual rent||£44,000 per annum|
|Weekly rent||£846.15 per week fixed|
£44,000 per annum, £846.15 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £19,725 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000). Please note the F&F is showing 25% of the full cost which has a rough estimation of £15,000 as it is still to be valued.
|Fixtures & fittings||£3,750||Working capital||£5,000|
|Other costs||£4,000||Total entry cost||£19,725|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
The Sharky's is situated in Montrose, Angus 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.