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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

Located on the North Sea coast with a glorious seaside location and a championship golf course, this site offers an excellent quality of life as well as an exciting opportunity. With Dundee 11 miles to the West, Carnoustie boasts excellent rail links and direct access via the A92.

Pub Layout

Accessed from the main street the bar area boasts a single servery bar area with a substantial commercial kitchen alongside. There is a large function room which currently hosts the well supported local rugby team and could be used for private events or local meetings or charity events. Site also boasts a sizeable, beer garden which is situated to the rear of the property and a car park making this a 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: £21,500

Security Deposit: £3,000

Working Capital: £3,000

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.

An experienced licensee will capitalise on the function opportunities within the large catchment area and develop the trade generated by the Carnoustie golf course which is popular with both UK and international tourists.

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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