Are you looking for pub tenancy in the Stoke On Trent 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.
The Royal Oak is a village pub adored by locals and is the perfect community destination. The site has a fantastic, prominent position in the lovely canal-side village of Rode Heath, en-route to the affluent areas of Sandbach and Congleton.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Tenancy In Stoke On Trent- The Royal Oak Is Now Available !
Fantastic Village Pub
The Royal Oak is a village pub adored by locals and is the perfect community destination. The site has a fantastic, prominent position in the lovely canal-side village of Rode Heath, en-route to the affluent areas of Sandbach and Congleton.
The all-day food offer will maximise sales across different trading points of the day and will attract a wide range of customers from professionals, families to the more mature individuals and couples. The community-focused atmosphere will appeal to families and local groups. The live sports and rhythm of the week events will boost footfall throughout the week and at weekends.
There is a great opportunity to deliver a high-quality premium local with full refurbishment throughout.
Friendly, Food Operator Wanted!
The ideal operator will have some experience running a similar community venue. You will need to be personable and outgoing, offering a warm welcome to customers of all ages.
Features
CATERING KITCHEN
INVESTMENT TENANCY
LIVE SPORTS
CAR PARK
OUTDOOR TRADE
REFURBISHMENT PLANNED
MONTHLY BILLING
WEEKLY BILLING
Trading Area & Facilities
The Royal Oak will receive a full refurbishment throughout. The pub will boast additional kerb appeal with a full external redecoration to match the internal feel. A new seating area will be added to the front of the pub, while the rear area will be transformed with a stunning new patio area, linking the pub to the great garden space.
Please be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an “Investment Exemption” will be required. This means that the option of a Market Rent Option lease won’t be available at rent review for a period of up to seven years for this site. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of 3 bedrooms, lounge, kitchen and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
Pub Tenancy In Stoke On Trent- The Royal Oak Is Now Available !
Annual Rent £ 35,794
Estimated Tenants Annual Operating Profit £ 37,042
Representative HEINEKEN UK Brand Discount Per Barrel £ 150
Estimated Annual Turnover £ 513,072
Estimated Annual Barrelage
£ 256
* 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
Your Investment
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £ 30,000
Estimated Fixtures and Fittings Valuation Fee £ 250
Estimated Stock Valuation £ 10,000
Deposit Amount £ 8,949
Rent in Advance £ 688
Training Fee £ 425
Estimated Designated Premises Supervisor / Manager Fee £ 50
Premises Licence Fee £ 295
Rates Assessment Fee £ 55
Estimated Legal Fees £ 650
Estimated Total Ingoing Costs £ 51,362
Estimated Minimum Ingoing Costs £51,362
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £ 1,655
Estimated Annual Maintenance Compliance Charge £ 1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £ 6108
Estimated Annual Repairs Fund £ 1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
Pub Tenancy In Stoke On Trent- The Royal Oak Is Now Available !
Friendly, Food Operator Wanted!
The ideal operator will have some experience running a similar community venue. You will need to be personable and outgoing, offering a warm welcome to customers of all ages
