Queen Street Tavern, Forfar

The Queen Street Tavern in Forfar enjoys a prime location just of the centre of town making it easily accessible for both locals and visitors alike. Situated close to the main retail activity, the pub benefits from high foot traffic and visibility among shoppers and residents. Forfar, as a traditional market town with a rich history, holds a special appeal for visitors interested in exploring its heritage and attractions. Its historical significance as the centre of the ancient kingdom of the Picts adds to its charm and allure. The town’s location off the main arterial Dundee to Aberdeen A90 route makes it a convenient stopover for travellers commuting between the two cities.

Pub Layout

Entrance via the main entrance at the front of the pub will lead you into the bar area. The pub boasts a superb public bar area, with the bar to the right and a small seating area to the left. The mixture of traditional features alongside low level fixed and loose seating, complimented by high bar stools around the bar is designed to provide locals with a welcoming space ideal for enjoying drinks, socializing with friends, and embracing the vibrant pub culture. The pub’s layout is enhanced by a connecting internal doorway between the main bar and the restaurant area. This space is designed for guests seeking a more relaxed and intimate dining experience. Adjacent to the restaurant area is a full commercial kitchen, equipped to support the pub’s food service operations. You will find toilets in the restaurant area servicing both ladies and gents. There is a separate entrance to the restaurant area at the side of the building. The Queen Street Tavern offers a small car park to the rear of the property. This provides convenient parking options for locals, enhancing accessibility to the pub and making it a convenient destination for visitors arriving by car.

The Queen Street Tavern is a community locals bar with food offering. Currently trading on a 70/30 split – wet/dry with premium drinks offers, the pub remains a social hub for locals to gather, socialize, and enjoy drinks and food in a relaxed and friendly atmosphere.

Private Accommodation

The private accommodation is located on the first floor and is accessed via a separate entrance. It consists of  two bedrooms, open plan kitchen/lounge area and bathroom/toilet.

Annual Rent: £11,600 – start up rent available of £50 (net) per week for 12 weeks

Security Deposit: £1,500

Working Capital: £1,000

Stock: £500 

Fixtures and Fittings: To be confirmed upon valuation  – funding options available for the right licensee.

Tie: Free of tie on wines, spirits and minerals – Tie release fee applicable.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Queen Street Tavern presents an ideal opportunity for an experienced licensee with a background in food service to capitalize on its already established excellent reputation. Ability to run a community local and knowledge of the area would be advantageous alongside traditional marketing which will enable you to capture more of the local trade and make this site the hub of the community. The licensee should have experience in menu development, kitchen management, and ensuring high-quality culinary offerings. Their expertise will be instrumental in maintaining and elevating the pub’s food standards, attracting new guests, and satisfying existing customers. It is also important to have an understanding of the local community and to be able to foster strong relationships with residents as this will be crucial. While word-of-mouth and reputation are valuable, traditional marketing strategies can help expand the pub’s reach and attract more local trade. Strong marketing skills and targeted promotions to effectively promote the pub’s offerings should increase footfall.

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 – £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 and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *