The Royal Oak currently trades as a traditional, drinks focused community pub, with the potential for a new licensee(s) to add additional revenue streams by developing the food offering. Engaging with the local community events would be beneficial to any potential licensee, as would supporting existing pub sports teams. The village provides an established regular trade, which can be built on during the warmer months by attracting visitors to the local attractions.
Accommodation: Private Accommodation is on the first floor, is in good order and consists of four bedrooms, large lounge, kitchen, family bathroom and small office.
Financial:
Annual Rent: £11,500 – Rent steps available
Stepped Rent Agreed:
* 2 months at £1 per week
* 2 months at £115 per week
Security Deposit: £2,000 – build up to £5,000
Working Capital: £2,000
Stock: £3,000
Fixtures and Fittings: To be confirmed 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.
BDM Vision: The ideal licensee(s) would have some experience of running a community pub and must be prepared to build on the strong existing ties with the local community. As the pub is located on the banks of the estuary, potential licensee(s) should be prepared to develop the food offer, and ideally consider making this pub a pet-friendly destination dining venue in order to appeal to the walkers who regularly visit the area. A strong business plan and sound marketing skills are important to ensure consistent year-round trade.
Training: £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost: £63.33 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 peace of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
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