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Olde Queens Head, Halesowen

Halesowen, B63 3HN

Your investment

£10,000

Agreement Type

Tenancy
  • Separate Function Room
  • Good Food Opportunity
  • Great Location

The Olde Queens Head is an exciting opportunity and has the potential to be a thriving pub, located in the heart of Halesowen. Halesowen is a market town in the West Midlands just seven miles from the bustling city of Birmingham. The pub is in good condition throughout and there is huge potential for the new licensee to put their stamp on the pub making it the go to place in Halesowen.

Pub Layout

The pub is a two bar operation with the bar situated between the two trading areas. There is easy access to the kitchen, giving flexibility to the layout for eating. There is adequate space to create a carvery area should a new licensee wish to develop this offer. The pub is in good condition throughout balanced with booth seating and more relaxed drinking spaces. The décor and fixtures and fittings throughout are in good condition with vibrant choices creating a fresh and appealing look. In addition the pub has an upstairs function room with bar which represents huge potential for the pub.

The Olde Queens is a community pub catering for all and enjoying a good local trade. There is a wide selection of both cask and keg with a variety of products to suit all. The pub has previously served food and there is a scope and demand to re-launch this to suit the new licensees offering. There is a huge potential to really grow and develop this business.  The function room requires a great marketing focus to really drive this additional income stream. In addition there is flexibility in an evening for community activities such as quizzes and an entertainment calendar with live music and open mic nights.

Private Accommodation

The private accommodation consists of a living room on the ground floor and two bedrooms located on the first floor where there is also a bathroom and small utility/kitchen area. The general condition of the private accommodation is in good order.

 

Annual Rent: £20,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

F&F: TBC (Funding options available)

Training: £325 plus VAT

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

The food sales at The Olde Queens Head are such an integral part of this pub business that the ideal licensee needs to have a good foundation in food or catering with a strong vision and understanding of the needs of the local market. This is a town centre business with a community following. There is a function room, teams and entertainment making this a superb pub with many trading opportunities. The new licensee will ideally know the area and will have the skills to keep up with the demand from locals for entertainment such as; live bands, artists and karaoke of a weekend and open mic, jam and quiz nights throughout the week.

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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