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Black Abbott, Montrose

Montrose, Angus DD10 9DW

Your investment

£11.000

Agreement Type

Tenancy
  • Initial start-up rent £100 per week
  • £1,000 per month utilities contribution for three months
  • £2,000 support towards initial trade order
  • Free of tie of wines, spirits & minerals
  • Strong, established community local
  • Fantastic reputation for food
  • Strong trading history with scope for development

The Black Abbott is located in the town of Montrose, Angus. Montrose lies between the mouths of the North and South Esk rivers. With a population of approximately 12,000 people, the town functions as a commercial port for the oil and gas industry and is a wealth of architecture and a centre for international trade. Montrose is also home to a 3 mile long sandy beach which provides excellent views from Montrose golf course which was built on top of the dunes. The town has excellent transport links via train and buses and is on a direct route via A935 to Dundee and Perth.

Pub Layout

Access from the main road will take you into the main bar. This open plan area is complete with a small sports corner which is home to a pool table and gaming machines with a small seated area for people /teams to observe. The main bar area has a mixture of low level, benched and loose seating and is complete with low beamed ceilings and open fireplace manages to balance the traditional features alongside more modern decor to create a fantastic social area. There is a separate exit to the enclosed outside area where a small smoking shelter alongside benched seating provides the perfect outside meeting point especially in the summer months. The foyer by the pool table area leads to the toilet areas and also provides access to the function room which backs onto the main bar area can seat up to approximately  70/80 people. This U-shaped area of low level bench seating alongside some loose tables and chairs, faces towards the bar and dance floor area and creates a warm, yet sociable, relaxing atmosphere. This area is perfect for private functions and charity events and also has a separate entrance. There is a small car park to the rear of the building with spaces for approximately 6/8 cars.

The Black Abbott is a popular community local offering an excellent range of  food and drink. Site is currently trading well and offers an fantastic food menu alongside an excellent range of premium drink offers. Located in an extensive residential area, the Black Abbot is community focused, very much involved in local charity events and has a huge following for live music. The Black Abbot balances an even split on wet/dry by the layout of the separate lounge bar area allowing the core of regular drinkers to play pool and watch televised sport alongside the lounge/function area where customers can enjoy a quiet meal. The Black Abbott currently has an excellent reputation within the local community and has the scope to build on this further with marketing and social media essential in maximising the footfall to increase this site and establish the Black Abbott as the hub of the local community.

Private Accommodation

There is no accommodation at this site.

Annual Rent: £27,000 – Initial start up rent £100 per week

Security Deposit: £5,000 

Working Capital: £2,000

Stock: £4,000

F&F: TBC – Funding options may be available for the right licensee.

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

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

 

Admiral Taverns are looking for an experienced licensee (s) who have run a pub and food establishment previously. The applicants must have the passion and knowledge of running a successful community local and are who are cheerful and sociable and are willing to build a great rapport with the local community whilst being the friendly and welcoming face behind the bar. The ability to cater for different groups of people from different age groups and background, continuing to support the current customer base whilst attracting other less frequent users is essential. Marketing and social media promoting private functions, a better and more profitable bar line up alongside a traditional, affordable food offering will help delivery income growth. Excellent retail standards, a calendar of regular sport & entertainment and a good knowledge of the local area will be helpful as the pub is much loved by the locals and has the scope and location to be the hub of the local community.

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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