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Royal Oak, Ashton-Under-Lyne

Ashton-Under-Lyne, OL6 9HN

Your investment

£6,000

Agreement Type

Tenancy

Situated just two miles outside of the centre of Ashton-Under-Lyne, the Royal Oak sits on the main road of a residential area in Ashton with the Ashton United F.C grounds located behind the pub.

Situated just two miles outside of the centre of Ashton-Under-Lyne, the Royal Oak sits on the main road of a residential area in Ashton with the Ashton United F.C grounds located behind the pub. Traditionally a mining town, Ashton is still driven by the community with plenty of houses and businesses around. With bus links from the main road taking you to Ashton Town centre which provides access to the metro. Benefitting from Ashton United F.C ground being a stone’s throw away from the pub, the Royal Oak has a lot of involvement in support and sharing trade not just on match days but throughout the week and weekend.

Pub Layout

The front door opens to a small vestibule providing access to both sides of the pub. To the left of the pub there is a small games room with television and a pool table with a mixture of seating and access through to the main bar on the right hand side. The main bar is more of a lounge bar, again with a mixture of seating, tables and bar stools which serves all clientele. The bar can be classed as an island bar in the middle of the pub servicing both rooms. Steps up from the lounge take you to a further seating area, ideal for entertainment, functions or dining. This is not currently opened during the day so utilising this space could increase sales. A door to the side of the back room leads out to a seating area with several benches and leads on to the car park providing spaces for approx. 10 vehicles.

The Royal Oak is a traditional community led pub with supportive long-standing locals, passing trade and a huge involvement in sports including local and national football, pool teams and darts teams. Offering a strong variety of lagers, wines, spirits and minerals the Royal Oak has something for everyone. It currently trades well throughout the day and picks up during the evenings and weekends especially when they are offering entertainment, live football and sports events.

Private Accommodation

The private accommodation is accessed through the bar area. The accommodation comprises: landing, lounge, kitchen, three double bedrooms and a bathroom. It needs a little bit of TLC and a sparkle to change it into a comfortable good standard living accommodation.

Annual Rent: £12,000

Security Deposit: £3,000

Working Capital: £1,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  –  Funding options 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: £250 plus VAT

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

I would like the Royal Oak to be the best pub in the area. It needs to be an excellent local community pub and continue supporting its local teams. The new licensee must provide a great variety of drinks, promote entertainment, football and sports. I am looking for an enthusiastic licensee who is passionate and takes pride in what they produce. They must be willing to invest their time and effort in to making the Royal Oak the best local pub on the circuit.

https://www.facebook.com/The-Royal-Oak-1627403090883516/

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)

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

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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