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Stags Head Inn, Carnoustie

Carnoustie, DD7 7PN

Your investment

£8,000

Agreement Type

Tenancy
  • Beautiful location on the main street
  • Undergone extensive refurbishment
  • Sports driven community local

The Stags Head Inn is located in Carnoustie on the North Sea coast offering a stunning backdrop for residents and visitors alike and providing opportunities for outdoor activities such as beach walks, water sports, and enjoying the fresh sea air. Also renowned for its golf course, Carnoustie is a significant asset, attracting golf enthusiasts from around the world. The proximity to Dundee, just 11 miles to the west, provides convenient access via the A92 to urban amenities, cultural attractions, and transportation hubs. The excellent rail links further enhance accessibility for both residents and tourists, facilitating easy travel to nearby cities and beyond. Carnoustie’s combination of natural beauty, recreational amenities, transportation links, and business potential make it an attractive location for locals and travellers alike.

Pub Layout

Accessed from the main street you enter the main bar area. To the left is the bar which boasts a single servery bar area with a substantial commercial kitchen behind. The mixture of low level benched and loose seating, complimented by poser tables and stools make this area very sociable. to the left of the main seating area is a games zone complete with pool table and darts board, perfect for team sports. Through a small corridor and you will pass both the ladies and gents toilets and then to the left you will go to the beer garden and ahead to the function room. The large function room, complete with a separate bar and entrance is a relaxed space with a mixture of low level fixed and loose seating, complete with dance floor area, perfect for private functions, meetings or charity events. The beer garden which is situated to the rear of the property, complete with benched seating, and covered smoking solutions. The addition of a car park providing ample parking for approximately 6 cars make this the perfect destination site.

The Stags Head has the opportunity to re-establish itself throughout the area by re-introducing a quality “pub food” offering. With real ales on offer alongside a range of both traditional and international draught brands, the Stags Head can appeal to a broad customer base and continue to be a strong contributor to the community.

 

Private Accommodation

There is no private accommodation available at this site.

 

 

 

Annual Rent: £22,000

Security Deposit: £3,000

Working Capital: £3,000

Stock: £2,000

Fixtures and Fittings: To be confirmed upon valuation –  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 who have run multi faceted businesses before. Community focussed licensees willing to engage themselves in local projects, events and charities will be beneficial. Leveraging the function opportunities within Carnoustie’s large catchment area and tapping into the tourism generated by the Carnoustie golf course can be lucrative to the business. Someone with a strong marketing plan involving digital marketing campaigns, social media engagement, partnering with local tourism boards or golfing associations can generate new and increased footfall. Experience in hosting a variety of functions and events, such as weddings, corporate gatherings, parties, and community events could be key to this site. Strategically focusing on function opportunities, tapping into the tourism generated by the Carnoustie golf course, and providing exceptional service tailored to both locals and tourists, an experienced licensee can maximize the pub’s potential and establish it as a destination venue in Carnoustie.

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.  Please note, this only applies to pubs marked with an Asterix *


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