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George Tavern, Oldham

Oldham, OL1 1LB

Your investment

£9,500

Agreement Type

Tenancy
  • Great town location
  • Two external drinking areas
  • Established business with excellent trade.

The George is located in the centre of Oldham Town Centre on the walkway to the main bus station and a minute away from the metro link and is also in close proximity to the University Campus and Oldham College. Oldham is 8 miles north of Manchester city centre and 5 miles east of Rochdale town centre, Ashton under Lyne is located just 3 miles south of Oldham. It is approximately 1 mile from both the M62 and the M60. The Metrolink links to Manchester city centre and Rochdale. The George is located very close to town centre shopping including the Spindles Shopping Centre and there is ample parking in the area. The George is located in the centre of Oldham Town Centre on the walkway to the main bus station and a minute away from the metrolink and is also in close proximity to the University Campus and Oldham College. Oldham is 8 miles north of Manchester city centre and 5 miles east of Rochdale town centre, Ashton under Lyne is located just 3 miles south of Oldham. It is approximately 1 mile from both the M62 and the M60. The Metrolink links to Manchester city centre and Rochdale. The George is located very close to town centre shopping including the Spindles Shopping Centre and there is ample parking in the area.

Pub Layout

There are two entrances to the George, the main entrance is found on the side and as you walk in the main bar is facing you. To the right hand side there is a lounge area with a mixture of seating, including a staged area for live entertainment. On the left hand side, in front of the bar is a seated area, this leads down (2 steps) to a pool room. The pool room also features a raised breakfast bar that doubles up as raised drinking shelf. The second entrance to the pub is located in the pool room but is only used in the summer. There are two licensed external drinking areas. The first is located at the side on George Square with six picnic benches and some extra loose furniture. The second area is located to the rear of the pub, it is private, with access via the pub only featuring raised decking, fixed seating, two raised drinking stands and loose external furniture, it also has good lighting and external heating.

The George is an important part of the Oldham town centre pub and bar economy. It is well known as a entertainment centre and plays a key part in the LGBT community, plus it plays host to a number of sports teams. The pub is in good condition, it is mainly wet driven but has a catering kitchen which could be utilised to build a consistent food trade. The current drinks offer includes standard and premium lagers along with an excellent strong spirit and wine offer. There are 3 televisions located around the pub which can show live sporting events. The George is popular with teams and entertainment and as such has pool on a Tuesday, poker on a Thursday, karaoke on Friday night and live acts on a Saturday evening.

 

 

Private Accommodation

The private accommodation is located on the first floor of the pub and can be accessed through the main bar area via a private entrance. In brief it comprises: kitchen, lounge, office, three large double bedrooms, bathroom with a 2 piece suite (including shower), plus a separate toilet.

 

Annual Rent: £19,000

Security Deposit: £5,000

Working Capital: £1,500

Stock: £3,000

F&F: TBC – Funding options may be available for the right licensee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

 

The George is an important part of Oldham’s night time economy as it is part of the main drinking circuit. It is close to the main shopping area and is well known as a ‘great night out’ venue with entertainment being key to this popular pub. Oldham and Stockport will form part of the focus on Greater Manchester’s night time economy initiative. The George is well known in the LGBT community and the current operator is chair of Oldham Pride. We need operators who will take what is a great town centre pub and by promotion and planning build it into a fantastic venue. Ideally the proposed operators will know the pub and the area and will have a proper interest and feel for running this style of business. They must also have great standards and be prepared to work hard and join in.

 

 

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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