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Royal Oak, Ashton-Under-Lyne

Ashton-Under-Lyne, OL6 9HN

Your investment

£6,000

Agreement Type

Tenancy
  • Well supported community local
  • Great location
  • Plenty of passing trade

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 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 island bar in the middle of the pub services both rooms and is the hub of the pub. 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 approximately 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 of a landing, lounge, kitchen, three double bedrooms and a bathroom. It is in need of some TLC and a sparkle to change it into a comfortable good standard of living accommodation.

Annual Rent: £12,000

Security Deposit: £3,000

Working Capital: £1,000

Stock: £2,000

Fixtures and Fittings: To be confirmed 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: £325 plus VAT

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

The Royal Oak is a pub at the heart of the community, it has the potential to be the best in the area. The incoming licensee should prioritise enhancing entertainment offerings, including live music, football viewings, and sports events, whilst providing a great variety of drinks. You will be enthusiastic about the local area and take pride in the pub and what you do there. Dedication to investing time and effort into further elevating the Royal Oak’s reputation is essential for success in this pub.

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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