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Silver Oyster, Colchester

Colchester, CO2 8LY

Your investment

£9,500

Agreement Type

Tenancy

The Silver Oyster is a large detached pub located in a prime position in the centre of an extensive housing development just three miles from Colchester Town Centre. Colchester is a large town on the A12, 30 minutes from Stansted airport that has seen a large influx of housing investment in the past few years. The pub sits very close to a local shopping parade and has ample amenities within walking distance. There is only 1 other pub in the area close by. Admiral Taverns are looking for a strong community operator or someone that has perhaps run a similar site in the past.

The Silver Oyster is a large detached pub located in a prime position in the centre of an extensive housing development just three miles from Colchester Town Centre. Colchester is a large town on the A12, 30 minutes from Stanstead airport that has seen a large influx of housing investment in the past few years. The pub sits very close to a local shopping parade and has ample amenities within walking distance. There is only one other pub in the area close by. Admiral Taverns are looking for a strong community operator or someone that has perhaps run a similar site in the past.

Pub Layout

The main trade space sits to the right as you enter the pub. There is a large bar and seating for up to 40 people. To the right of the bar is a passage leading to the toilets and another door which leads to the games room. The games room has its own bar and is a very good size, it has a pool table in the middle with seating (and bar tables) all the way around for a further 20. The beer garden is large with a patio area leading off the games room at the back of the pub. The rest of the external trade space is grass with some trees and shrubs. The garden would be great for summer events or family days. Behind the bar is the trade kitchen which is relatively new and well equipped including a commercial fan for extraction. The Silver Oyster has parking for up to 16 cars, with the car park located at the front of the building.

Trading Style

The Silver Oyster has great potential from its current offer. It is a community style pub which supports the locals with various games and entertainment offers; there is a regular bingo afternoon and the pub has its own pool team with an option of introducing darts teams to use the pub.  There have been recent improvement works including a new trade kitchen, so the potential for an improved food offer is excellent. The applicant would need to be able to engage with the community and ensure that the pub is developed to be a family friendly establishment.

Private Accommodation

The Silver Oyster has three good sized bedrooms. There is a further lounge, kitchen and bathroom. The accommodation is in good condition.

Annual Rent: £20,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £2,000

Fixtures and Fittings: 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.

This is a pub with plenty of scope to take advantage of being one of only a few pubs in the immediate area. Engagement with the local community is key as well as promoting sports both playing an watching. An experience licensee would be beneficial due to the location, and we will look at an External decoration for a longer term agreement.

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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