A good traditional pub located in the market square in the centre of Knaresborough. Decorated externally in the past three years, the pub enjoys a prime location and benefits from the weekly markets just outside its doors. The pub has a good reputation for food and entertainment and forms part of the more discering circuit, particularly at weekends. There are 6 high quality letting rooms in a separate former stable block to the rear, all of which have en-suite facilities. Car parking is limited, but its location close to the bus station and adjacent to a pay and display car park make accessibility very easy. Cask ales are a strong driver of the wet business, with the opportunity to further grow this market as well as enjoying an upturn in the premium draught and packaged sector.
The pub is a single bar operation with two distinct internal trading areas. The bar area has traditional décor with beams and timber cladding that projects an ‘olde worlde’ feel and gives the atmosphere a cosy and friendly impression. There are bar stools and perimeter seating with classic red upholstery that serve the bar area. The second trading space is a dining area that provides 30 covers with simple wooden furniture. This is served by a ground floor commercial kitchen that has all the appropriate appliances to provide a decent food offering. There is space for live music which is popular including regular Karaoke nights. The six letting rooms are in a detached hotel block to the rear of the pub where it has separate access from the rear car park. These rooms are all to a high standard and en-suite including a ground floor room which has a wet room for disabled visitors.
The Old Royal Oak has a well presented, enclosed rear terrace with loose and fixed seating. This provides additional external covers in the warmer months for customers who wish to enjoy their meal outside. This is a pleasant area with an attractive wooden shelter which is both lit and heated and provides a good smoking solution. A small car park extends this space and accommodates six vehicles, this is predominantly used to service the hotel rooms.
There are three bedrooms, a lounge and a kitchen, all in good condition and ready to move in to.
Forecast Turnover: £470,088.11
Year 1 Rent: £0.00
Guide Rent: £37,000.00
Initial Deposit: £0.00
Full Deposit: £9,250.00
Full Tie Release: £47,250.00
Agreement Fee: £795.00
Repair Fund: £2,500.00
Fixtures & Fittings: £14,250.00
Working Capital: £20,448.00
Stock & Glassware: £5,000.00
Cash Float: £1,000.00
Turnover Rent: £0.00
Turnover Rent %: £0.00
Forecast Wet Turnover: £343,206.10
Forecast Dry Turnover: £38,121.99
Forecast Other Turnover: £88,760.02
This pub is an attractive proposition for any aspiring publican who is looking to operate a diverse business with many appealing aspects. The features include a commercial kitchen for a food offer, six letting rooms, popular entertainment including karaoke and a good range of cask ales and premium products. This pub is ideal for a publican who has experience of running and growing a food business and who is looking to broaden their operating skills.
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MISREPRESENTATION ACT 1967
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