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Angler Oakham (Mill Street Pub & Kitchen)
Angler Oakham (Mill Street Pub & Kitchen)
6, Mill Street, Oakham, LE15 6EA Pub Code: 2303467101
Pub Code: 2303467101
Foundation TenancyEst Min Ingoing Costs: £15,859
Annual Rent: £28,304
Great location with attractive facilities
What would you do with this pub to make it a success?
The area
The Angler is situated on Mill Street in the heart of the attractive market town of Oakham. Oakham is the county town of Rutland in the East Midlands, which is consistently voted one of the most desirable rural places to live in the country; and lies just to the west of Rutland Water, one of the largest man-made lakes in Europe. The town lies 25 miles east of Leicester, 28 miles south-east of Nottingham and 23 miles west of Peterborough. The pub is surrounded by mixed housing.
The pub benefits from being one of 6 pubs found in an area of around 3,000 adults. The eclectic customer base is made up of a broad range of consumers reflecting the surrounding community.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong 60.40, wet/dry , food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via multiple avenues, retailing from dining to letting B&B rooms.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a Choose an item. hospitality business. They will have a clear vision for their Choose an item., Choose an item. and Choose an item. and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Open plan trading area with bar
- Small separate dining room
- 80 internal covers
- Open plan kitchen
- Function room
- Smart Dispense
- 8 letting rooms
- Small courtyard
- Car park with 6 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, small kitchenette and bathroom .
Estimated Total Ingoing Costs
£71,296
Estimated Minimum Ingoing Costs
£15,859
Annual Rent
£28,304
Estimated Annual Turnover
£454,756
Deposit
£7,076
Estimated Fixtures & Fittings Value
£50,720
Estimated Stock Valuation
£10,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
6, Mill Street, Oakham, LE15 6EA
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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