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Unicorn, Oswestry

Oswestry SY11 2DQ

Your investment

£9,000

Agreement Type

Tenancy

The Unicorn is a detached property situated in a residential area of Oswestry. The town centre and other shops and amenities including the leisure centre are all within walking distance. Oswestry is the largest market town in Shropshire and lies close to the Welsh border.

The Unicorn is a detached property situated in a residential area of Oswestry. The town centre and other shops and amenities including the leisure centre are all within walking distance. Oswestry is the largest market town in Shropshire and lies close to the Welsh border.

Pub Layout

This pub benefits from having two entrances allowing separate access to the two trading rooms. The main bar area has recently undergone refurbishment with fresh and bright décor and new flooring. The prominent bar services both the main bar area and the lounge area.  The main bar consists of seating for on approximately 40 people and is home to a pool table and tv screens. The lounge area is balanced with loose and mixed seating and has a more traditional feel. The ladies and gents toilets are located between the bar and lounge. There is no catering kitchen but there is a small prep area for a back bar offer which can be utilised for pies and pizza. Externally there is a smoking solution which is accessed via the lounge and leads onto the car park which can hold approximately 15 cars. There is an enclosed area which is a fabulous sun trap in the summer months with ten large benches.

The Unicorn is a great example of a community pub, it is well supported all year round with numerous sports teams including darts and pool, which play home matches at the pub as well as welcoming teams from other establishments. Regular weekend entertainment such as karaoke and singers have previously been very popular along with mid week quiz nights and bingo. Trade is made up purely of drinks sales and the bar is well stocked with a vast range of value products.  At present, there is no cask ale however this would be a welcome addition to drive additional income into the business. There is an opportunity to develop the lounge trade by tapping into community groups and hosting functions.

Private Accommodation

The private accommodation consists of three bedrooms, sitting room, kitchen and bathroom all in good order.

Annual Rent: £14,500

Security Deposit: £5,000

Working Capital: £2,000

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.

This is a great example of a community focused pub and would welcome a local person who is familiar with running a similar style pub. A strong marketing plan is essential for ensuring the pub is busy seven days a week whilst continuing to work with local sporting teams.

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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