Are you looking for pubs to lease in the West Bromwich area ? Why not run The Royal Oak as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Royal Oak is Now Available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In West Bromwich – Run The Royal Oak Now !
The Royal Oak is a traditional community pub located in the heart of a residential area in West Bromwich. The pub boasts a horseshoe shaped bar, two drinking areas and live sport. There is a paved garden to the rear of the pub which provides guests a space for outside drinking. Popular with sports fans, the pub is located just an eight-minute drive from West Bromwich Albion’s football ground which brings plenty of trade to the pub, it is also popular with the local residents who visit for the fantastic choice of cask ale. The Royal Oak has all the charm and character of a traditional black country pub and requires a publican who can continue the success of the current trade. The new publican should look to establish a calendar of sporting events to maximise the trading opportunities here, to grow the trade from further afield.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Overview of The Royal Oak West Bromwich
The Royal Oak is a traditional community pub located in the heart of a residential area in West Bromwich. The pub boasts a horseshoe shaped bar, two drinking areas and live sport. There is a paved garden to the rear of the pub which provides guests a space for outside drinking. Popular with sports fans, the pub is located just an eight-minute drive from West Bromwich Albion’s football ground which brings plenty of trade to the pub, it is also popular with the local residents who visit for the fantastic choice of cask ale. The Royal Oak has all the charm and character of a traditional black country pub and requires a publican who can continue the success of the current trade. The new publican should look to establish a calendar of sporting events to maximise the trading opportunities here, to grow the trade from further afield.
Indoor trading area
The pub currently operates in two separate trading areas; a sports area and the lounge, both of which are served by a horseshoe shaped bar. The room to the left is predominately used for sports viewing and by members of the pub teams, whilst the other offers a more relaxed lounge feel, which also has the ability to show live sports. The bar area boasts many cask-ale lines, offering a great choice for the customer. The interior is cosy and traditional and provides a lively atmosphere for drinking and socialising.
Outdoor trading area
There is an adequately sized, covered area to the rear of the pub which provides guests the opportunity for outdoor drinking. There is an additional covered area located outside creating further trade space during peak times of year. Street parking for visitors is available on the surrounding roads.
Your living accommodation
There is good sized private accommodation at the Royal Oak which has recently been redecorated. There are three bedrooms, a lounge and there is a kitchen located downstairs.
Surrounding area
The pub is situated in a residential cul-de-sac in Sandwell, just six minutes from the centre of West Bromwich. The town is just five miles northwest of Birmingham on the A41 and is part of the Black Country, benefiting from direct access to the M5. The main source of trade made up of the locals who live nearby and with West Bromwich Albion football club just an eight-minute drive away this draws many football fans to the pub.
Local competition
- Crown & Anchor,Hollyhedge Road, West Bromwich, B71 3BS (0.1 mi)
- Hall End Tavern,Vicarage Road, West Bromwich, B71 1AF (0.4 mi)
- Red Lion,All Saints Way, West Bromwich, B71 1RH (0.5 mi)
- Spinney,Smithmoor Crescent, West Bromwich, B71 3EZ (0.5 mi)
- Stone Cross Inn,Walsall Road, West Bromwich, B71 3LH (0.7 mi)
Lease A Pub In West Bromwich – Run The Royal Oak Now !
The Royal Oak West Bromwich
Potential Turnover
£328,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £18,500.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND I
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£8,100.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £18,500.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£8,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£8,900
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search
Regional Manager’s thoughts on the Royal Oak West Bromwich
The Royal Oak is a great community pub and an excellent opportunity for either a new or experienced publican. The business enjoys a strong local following as well as extensive custom from football supporters when the pub can get very busy. Its widespread reputation for outstanding cask ales draws a regular clientele to this pub. In addition, the friendly and relaxed atmosphere throughout means many of the locals choose to spend their time here.
Matthew, Regional Manager
