Gate Inn Oldham

217 Huddersfield Road, Diggle, Oldham OL3 5PQ

  • Gate Inn Oldham
  • Gate Inn Oldham
  • Gate Inn Oldham
  • Gate Inn Oldham
  • Gate Inn Oldham
  • Gate Inn Oldham
  • Gate Inn Oldham
  • Gate Inn Oldham

Gate Inn Oldham

Charming Country Pub & Kitchen

The Gate Inn Country Pub & Kitchen is a striking destination pub set beside a canal offering a premium dining and drinking experience for guests. The catchment area around the pub is affluent so there is ample opportunity to market this pub as the perfect destination site for a cooling glass of wine on a warm summers afternoon by the canal or a celebratory meal with friends.

The current menu prides itself on locally sourced, fresh produce complimented by premium drinks such as ales and gins. With four en-suite letting rooms, the pub benefits from the ability to accommodate guests who wish to stay for a romantic weekend break or some time spent hiking in the local area.

Ambitious and Passionate Operator Wanted

For a special pub like The Gate Inn Country Pub & Kitchen, we are keen to partner with an operator who is passionate about customer service and takes pride in creating a world class customer experience for their guests. You will be experienced in food and have the skill to market the pub on social media to the wider area.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Gate Inn is a charming outlet, made up of an open plan trading area with distinct areas for dining, drinking, pool and live music. A well decorated separate function area would allow for private events to be catered to. An ornate wooden bar and flagstone flooring along with other extremely attractive features such as a log burning fire and exposed timber beams add to the rustic charm.

The pub benefits from the ability to accommodate guests wishing to stay overnight in this pretty country setting as there are four en-suite letting rooms to allow an operator to maximise profits.

The pub has superb kerb appeal thanks to modern signage, a great lighting scheme and a pretty decking area. There is a car park to the side of the pub to accommodate patrons driving to this destination pub.

Private Accommodation

The private accommodation consists of three bedrooms, lounge, kitchen and bathroom and an office. This will be subject to the same treatment as the rest of the pub as part of the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30

Financials

Annual Rent £
19,000
Estimated Annual FMOP (Licensee Profit) £
23,092
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
287,153
Estimated Annual Barrelage
146

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
9,225
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
5,000
Rent In Advance £
385
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
19,115
Estimated Minimum Ingoing Costs £
9,172

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,134
Estimated Annual Maintenance Compliance Charge £
1,019
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased
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