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Park Inn, Oldham

Oldham, OL2 8DW

Your investment

£6,000

Agreement Type

Tenancy
  • Well supported community local
  • Live music and entertainment
  • Food offering

The Park Inn is a cosy community pub located in Shaw, Oldham. Shaw lies on the River Beal situated at the foothills of the South Pennines and is conveniently nestled in-between Oldham and Rochdale in Greater Manchester, providing excellent network links around the North West. Located in a densely populated area, with plenty of chimney pots the Park Inn also has the benefit of having a number of local businesses and shops around it, which attracts footfall and passing trade.

Pub Layout

The pub trades from a two bar servery, which services the main trading space and the dining area. To the left is the main bar, which specialises in real ales and craft beers, an ideal space for watching televised sports and consists of a mixture of fixed and loose seating. To the right, you will find the dining area of the pub which covers approx. 20 covers and can be utilised for quiz nights etc. The commercial kitchen is well equipped. The Park Inn benefits from having good outside space offering a spacious car park and seating areas to the front and rear suitable for al fresco dining.

The Park Inn offers a warm and friendly atmosphere, currently providing home cooked food and a selection of real ales and craft beers. The pub lends itself to accommodating live music such as open mic nights and karaoke.

Private Accommodation

The private accommodation consists of a Large living room, Kitchen, family bathroom and three bedrooms.

Annual Rent: £17,500

Security Deposit: £2,000

Working Capital: £2,000

Stock: £2,000

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

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

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: £325 plus VAT

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

Admiral Taverns are looking for someone who will embed themselves into the local community and enjoys putting on live entertainment, offering good home cooked food, and wants to be involved with sports teams. Good clean standards with attention to customer service and high standards.

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.  Please note, this only applies to pubs marked with an Asterix *


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