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Anchor Bar, Stirling

Stirling FK7 0PA

Your investment

£9,000

Agreement Type

Tenancy
  • Superb location surrounded by new housing
  • Separate lounge/function room with kitchen
  • Strong established community local.

The Anchor Bar is an end of terrace building set over two floors, situated in the heart of the local community surrounded by newly built housing. The separate function room is a perfect space for private events, business meetings and charity events. The Anchor Bar provides the hub to make this the perfect community local pub. Situated in Stirling, known as a wee city with a big history, this area boasts magnificent views from the mountain peaks of Lock Lomond to the National Wallace monument. Described as a huge brooch clasping the highlands and lowlands together, Stirling’s key position as the lowest bridging point of the River Forth before it broadens towards the Forth of Forth makes it a focal point for travel both north and south. The buzzing restaurants, friendly pubs and cosy cafes make this are the perfect place to visit.

Pub Layout

Entrance to the pub is accessed from the main street into the bar / lounge open plan area. The single servery bar is in a prominent location surrounded by fixed and loose seating with a pool table and darts board promoting local team sports. Accessed separately from the rear is the second-floor function room. This, with its own bar and back-room prep area alongside an array of fixed and loose seating makes this the prime location a perfect hub for local events, meetings and private parties.

The Anchor is a traditional wet led community local with an exceptionally strong customer base. The pub utilises its function room and is known to champion community events and private parties. The main trading area has a mixed drinks offer including premium and standard lagers along with a varied and extensive range of spirits and minerals.

The Anchor benefits from the separate entrance to the function room which enables the site to promote local clubs to hold events even whilst the main bar is closed. It champions local community inclusion and support. There is a food prep area behind the function room bar which can be used to encourage back bar food, which is used for private parties and functions, however there is the opportunity to increase this with a more regular food offer.

Private Accommodation

There is no accommodation provided with this site.

Annual Rent: £11,500

Security Deposit: £5,000

Working Capital: £1,500

Stock: £2,500

Business Rates: Nil* from 1st April 2023

F&F: TBC (Funding options may be available)

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

*Based on the April 2023 provisional rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

I am looking for an experienced strong individual or couple who are willing to embed themselves into this close nit community and deliver outstanding results. Local knowledge with a passion to keep the pub as the popular community hub it currently an advantage. Someone with high retail standards who is keen to promote charity, local events and support local businesses ensuring that excellent attention to detail is attributed and encourages potential custom.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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