Are you looking for pub tenancy in Hampshire ? Why not run ‘The Royal Oak’ in Goodworth 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.
Pub Tenancy In Hampshire – The Royal Oak Goodworth Is Now Available !
The Royal Oak is a fantastic pub situated in a delightful village of Goodworth, which is surrounded by affluent residential housing and the River Anton. The pub itself boasts a wealth of character and offers heaps of original features throughout including cosy open fireplaces. The Royal Oak is a food-led pub, and the layout reflects this, internally there are around 70 dining covers, as well as plenty of relaxed seating in the bar area to accommodate guests enjoying a relaxing drink. The pub also offers a superb 60 cover beer garden, a large car park with space for up to 30 cars with plenty of street parking nearby. Stonegate Pub Partners are now looking for an experienced publican with catering skills who can manage this large food led operation. The publican will also need to utilise the pubs facilities including the extensive beer garden and potential letting rooms. Integrating with the local community is paramount to maximising all trading opportunities.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Tenancy In Hampshire – The Royal Oak Goodworth Is Now Available !
The Royal Oak is a fantastic pub situated in a delightful village of Goodworth, which is surrounded by affluent residential housing and the River Anton. The pub itself boasts a wealth of character and offers heaps of original features throughout including cosy open fireplaces. The Royal Oak is a food-led pub, and the layout reflects this, internally there are around 70 dining covers, as well as plenty of relaxed seating in the bar area to accommodate guests enjoying a relaxing drink. The pub also offers a superb 60 cover beer garden, a large car park with space for up to 30 cars with plenty of street parking nearby. Stonegate Pub Partners are now looking for an experienced publican with catering skills who can manage this large food led operation. The publican will also need to utilise the pubs facilities including the extensive beer garden and potential letting rooms. Integrating with the local community is paramount to maximising all trading opportunities.
Indoor trading area
The pub is a good size and boasts a wealth of character and is full of original features. As food is an important part of the pub, the layout offers dining throughout and areas for guests to sit and relax. The pub has a carpeted area as well as oak flooring and two fabulous open fires. Internally the pub offers a total of 70 seats for eating and drinking, with a small area for bar stools and/or stand-up drinking. The main eating area is made up of a mixture of loose and fixed seating along with open fireplaces that creates a warm and homely atmosphere.
Outdoor trading area
The Royal Oak boasts a superb beer garden and terrace to the rear of the pub which has capacity to hold a further 60 covers for drinking and dining, a popular spot during the summer months. There is convenient onsite parking to the front of the pub for approximately 30 cars and plenty of street parking close by.
Your living accommodation
The private accommodation is well presented and in good condition, comprising of three bedrooms, an office, a lounge and kitchen.
Surrounding area
A traditional Inn located in the affluent and sought-after village of Goodworth, located two miles south of Andover, in the county of Hampshire. The pub is positioned in an ideal location surrounded by stunning residential housing, small businesses and the River Anton which lies directly behind the pub. The village of Goodworth is full of charm and attracts tourists throughout the year which brings plenty of trade to the pub.
Local competition
- Clatford Arms,, Andover, SP11 7RN (0.3 mi)
- Poplar Farm Inn,Old Salisbury Road, Andover, SP11 7NJ (1.7 mi)
- Southampton Arms,Winchester Road, Andover, SP10 2EG (1.7 mi)
- Anton Arms,Salisbury Road, Andover, SP10 2JN (1.8 mi)
- Lamb Inn,Winchester Street, Andover, SP10 2EA (1.9 mi)
Pub Tenancy In Hampshire – The Royal Oak Goodworth Is Now Available !
Potential Turnover
£523,000.00 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
Introductory Rent: £30,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND I
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £38,000.00 per annum.
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
£12,500.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £30,000.00), 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
£26,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£19,650
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 Goodworth
Set in a beautiful village, this pub has the benefit of a wonderful garden, an excellent trade kitchen and good dining capacity inside. It is essential that to maximise the opportunity, an experienced publican with catering knowledge is a must. There is also the potential for letting rooms to be offered going forward to generate additional revenue.
Joy, Regional Manager
