If you are looking to lease a pub in Oldham, The Famous King George Hotel is available !
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Lease A Pub In Oldham – The Famous King George Hotel Is Available
The Famous King George is a large, well-maintained community pub in Oldham, surrounded by residential housing and industry estates. The trade area is well laid out and tastefully decorated, with potential to grow both wet and dry trade through utilising the space to hold private events. The trade kitchen is capable of producing and supporting a good pub food offer. At the rear of the pub there is a covered seating area and access to the local public park, whilst opposite the pub is where you will find a large car park to accommodate customers travelling from further afield.
Private Accomodation
The private accommodation consists of four large bedrooms, a lounge, kitchen, bathroom and office. The living quarters are in reasonable condition however anyone taking over the business will most likely want to upgrade and redecorate in order to suit personal taste.
Agreement Fee: £750.00
Cash Float: £0.00
Fixtures & Fittings: £25,000.00
Forecast Turnover: £394,661.51
Full Deposit: £9,500.00
Full Tie Release: £42,000.00
Guide Rent: £38,000.00
Initial Deposit: £0.00
Repair Fund: £2,500.00
Stock & Glassware: £0.00
Working Capital: £30,000.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £68,207.08
Forecast Other Turnover: £15,723.83
Forecast Wet Turnover: £310,730.60
The Famous King George has a good reputation for food and entertainment, with opportunity to grow both aspects of the trade as well as expanding to cater for private functions. The pub is designed to accommodate dart teams, live sports viewing and entertainment, which help to drive foot traffic and maintain a loyal customer base. An experienced publican with catering knowledge would be desirable.
