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Royal Oak, Halmerend

Halmerend, ST7 8LL

Your investment

£12,500

Agreement Type

Tenancy
  • Opportunity To Develop The Food
  • Fantastic Outside Space
  • Established Business

The Royal Oak is a picturesque detached pub situated in the village of Miles Green in Staffordshire just five miles from the city of Stoke on Trent. It benefits from being the only pub in the village and is well supported by the densely populated surrounding areas. The village of Miles Green is located between the villages of Audley and Halmerend.

Pub Layout

The pub is good condition throughout and it’s well balanced with electric loose furniture and sofas. There is both wooden and carpeted areas throughout. There are three distinctive areas to the pub; the main bar has a relaxed feel and is balanced with loose and fixed seating hosting a darts board and pool table. The snug area is a great overflow for those busy nights and has a similar style décor to the main bar. The conservatory to the rear of the pub is a welcomed addition with relaxed seating from sofas to loose tables. This area opens up onto the fantastic garden, which is a real sun trap in the warmer months. There is huge potential to use this area for community fetes and events. To the front of the pub is parking for around 8 cars although many locals usually walk to the pub.

 

The Royal Oak is very much community focused; it is well supported all year round with regular community events, live music and quizzes. There is both a darts board and pool table which would lend is self to starting up sports teams. At present there is no sky sports however the new licensee may wish to introduce this. There is no food at present however a small back bar food offer such as pies and pizzas could easily be introduced.

Private Accommodation

The private accommodation is located on the first floor and consists of three bedrooms, lounge, kitchen and bathroom all in very good condition.

Annual Rent: £18,500

Security Deposit: £5,000

Working Capital: £4,000

Stock: £3,500

F&F: TBC (Funding options may be available)

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 fantastic opportunity for a community focused individual or couple with excellent vision and drive to drive this pub forward. You’ll need to have good retail standards and a keen eye for detail with a strong marketing plan to ensure the pub remains at the heart of the community.

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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