Run an Admiral Pub, Portcullis, Arbroath

OverviewPlease note: Applicants must be prepared to invest financially in taking on and running this pub. To understand the level of investment required, please review the financial section.The Portcullis is located outside town centre outskirts of Arbroath alongside a densely populated housing estate. Arbroath is the largest area in Angus Scotland with a population of 23,902. It lies on the North Sea coast 16 miles north-east of Dundee and 45 miles south-west of Aberdeen with excellent road connections via the A92 and direct train routes to Edinburgh and Glasgow with direct links through to England. Originated from the founding of The Arbroath Abbey this town is well known for its ties to the fishing industry as one of Scotland’s larger ports with its beautiful harbour, the Arbroath smokie and Arbroath football club.Pub LayoutThe Portcullis comprises of public bar, a sports room/ pool room with darts board with a separate bar adjacent to the main bar. The restaurant serves approximately 50 covers alongside a function room. The function room can accommodate between 100-150 people complete with a mezzanine level and a separate bar. The sunny patio area outside the restaurant is suitable for outside dining and BBQ’s during the summer months with the beer garden located by the main bar is more suited to drinkers and quick snacks. The commercial kitchen is the hub of the operation situated behind the main bar alongside the restaurant with access to all main areas. The lower ground floor homes a large storage area and kitchen prep area to further enhance sites capacity to increase supply. The distinct features of beamed ceilings and log burners make this site unique yet quirky alongside the vast facilities makes this a diverse multi-faceted operation.Trading StylePortcullis is a community local pub with excellent function facilities which create a wider appeal and additional income. Currently trading on a 50/50 wet/dry split with sales driven predominately by function trade however with vast external and internal room, the Portcullis manages to capture all different aspects of the site with zoned areas to facilitate diverse groups within the building. Sports for the locals, after work drinking, themed food events, evening entertainment could contribute to the diverse income streams of the site.AccommodationPrivate AccommodationThere is no private accommodation at this site.FinancialAnnual Rent: £32,000Security Deposit: Initial deposit of £2,000 building up to £5,000 or the equivalent of three months’ rent, whichever is greaterWorking Capital: £2,000Stock: £1,500Fixtures and Fittings: To be confirmed upon valuation–funding options may be available for the right licensee.Tie: Partial tie – Free of tie on wines spirits & minerals – Tie release fee applicableFor a breakdown on financial information, please refer to the ‘Additional Info’ tab.BDM VisionAdmiral Taverns are looking for a licensee with a strong background in hospitality and a knack for community engagement. Knowledge of the local area, fostering connections with the community, and leveraging social media and marketing strategies effectively. Offering a substantial food menu, hosting private functions, charity events, and fundraisers can all contribute to the establishment’s success. Consistency in both quality and service will be crucial to building a loyal customer base, particularly for those passionate about delivering top-notch food offerings. The function room facilities present an additional avenue for revenue generation, so maximizing their use through effective marketing and promotion is essential.Additional InformationAnnual 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 –A security deposit is required when applying for a pub with Admiral. This will be the greater of £5,000 or three months’ headline rent. The deposit is held on your account and returned when you leave, subject to your final account balance and the condition of the property. We will also carry out a credit check as part of your application, which may affect the deposit amount required.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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.Service Charge Cost – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterix * #J-18808-Ljbffr