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Queen Street Tavern, Forfar

Forfar, DD8 3AL

Your investment

£5,000

Agreement Type

Tenancy

The market town of Forfar is located off the main arterial Dundee to Aberdeen A90 route with Dundee being 20 minutes drive away and Aberdeen 55 minutes. The Queens Street Tavern is situated in the centre of Forfar, close to the main retail activity and is easily accessible from the town centre parking areas.

The market town of Forfar is located off the main arterial Dundee to Aberdeen A90 route with Dundee being 20 minutes drive away and Aberdeen 55 minutes. The Queens Street Tavern is situated in the centre of Forfar, close to the main retail activity and is easily accessible from the town centre parking areas.

Pub Layout

It is a traditional style public house which benefits from a superb public bar area, further complemented by a dedicated lounge/eating area. Both areas have dedicated access but can also be entered by the connecting internal doorway. There is a full commercial kitchen located just off the lounge bar area. Externally, there is a small car park to the rear of the property and access to the residential flat is via a separate, private entrance.

The Queen Street Tavern is a large food-led site with the added benefit of a community locals bar.

Private Accommodation

The private accommodation consists of a sizable two-bedroom flat with this property, with an open plan kitchen area, although some remedial redecoration is required.

 

Annual Rent: £16,000

Security Deposit: £2,000

Working Capital: £1,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options 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.

The site requires a strong and experienced operator who can make the most of this sites excellent reputation for good food. You will be able to capitalise on trade at this already well-established business through clever online and traditional marketing to capture more of the local trade.

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)

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

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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