Run a Star Pub - Carlton Bar Aberdeen - Aberdeen

Pub Overview

Refurbishment to traditional Aberdeen community pub.

The Area

The Carlton Bar is located on Castlegate Square in Aberdeen, a historic area that was once the site of the castle and a hub for merchants. The square is now being redeveloped and is home to shops, restaurants and pubs. The pub benefits from a surrounding population of 5,296 within a 10-minute walk and 22,611 within 20 minutes. The customer base is primarily younger adults. Situated just a 9-minute walk from Aberdeen train station, it’s well connected for both locals and visitors.

The Offer

The Carlton Bar is available on our investment tenancy agreement. Click here for more information on this agreement.

This refurbishment will completely revive a tired and outdated site, creating a traditional community pub with a welcoming atmosphere. The drinks line-up will include recognisable brands such as Cruz, Fosters, Tennents, Guinness, Strongbow and Strongbow Dark Fruit. Entertainment will focus on sports (Premier League and terrestrial), quizzes and live music.

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with customers

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…

Features

• Refurbishment Planned
• Investment Tenancy
• Music Venue
• Live Sports
• Function Room
• Outdoor Trade

Trading Area & Facilities

The Carlton Bar will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pubs trading area and facilities post refurbishment will be:

• Main trading area with bar
• Separate dining room
• 50 internal covers
• 20 external covers
• Function room

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

The pub has no private accommodation.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£30,286

Estimated Minimum Ingoing Costs

£30,286

Annual Rent

£17,947

Estimated Annual Turnover

£239,646

Deposit

£4,486

Estimated Fixtures & Fittings Value

£19,300

Estimated Stock Valuation

£3,000

Estimated Working Capital

£3,500

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month\’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month\’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month\’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow