21-23 High Street, Moffat, Dumfries & Galloway, DG10 9HL
The Stag Hotel offers a fantastic opportunity for an experienced multi faceted operator with all three main income streams in place; Food, Drinks and Accommodation.
This well established hotel business requires a new operator following the retirement of the current tenants.The Stag is a small 7 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 Stag Hotel consists of 7 letting bedrooms, restaurant, bar/lounge, fully fitted 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. The hotel requires some upgrading and an investment would be available via Greene King with the right tenant.
|Car park spaces||10|
|Rooms to let||7|
There is a separate managers flat situated next door to the hotel. This comprises of a separate kitchen, double bedroom, lounge and bathroom.
|Annual rent||£20,194 per annum|
|Weekly rent||£388.35 per week fixed|
£20,194 per annum, £388 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £27,775 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, stocktaking fees, training fees, schedule of dilapidations, working capital and deposit (25% of head rent, minimum £6,000). *Please note that F&F is currently advertised at 50%, full cost is approximately £20,000 pending valuation*
|Fixtures & fittings||£10,000||Working capital||£10,000|
|Other costs||£800||Total entry cost||£27,775|
Standard Tenancy Agreement
A fixed 5 year term agreement
•Tie :Beer, Lager, Cider and minerals
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Discount: Blended £72
•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)|
Situated in the small town of Moffat in Dumfries and Galloway, this location attracts many tourists all year round both as visitors and walkers in the surrounding hills. The hotel has a prominent location at the top of the high street surrounded by many shops, bars and cafes. The area is a real hub for both tourists and locals alike.