Turks Head Royton
119 Castleton Road, Royton, Oldham, OL2 6UPAgreement Type: Foundation Tenancy
View details for Turks Head Royton
Gate Inn Oldham
217, Huddersfield Road, Diggle, Oldham, OL3 5PQ
Pub Code: 0060678101
Key Features
- Rustic Country Pub & Kitchen
- Drive-to Destination
- Canal Side Location
- Four En Suite Letting Rooms
- Decked Beer Garden
- Car Park
Est Min Ingoing Costs: £12,256
Annual Rent: £15,070
More Information
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
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
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 that 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.
| Annual Rent | £ 15,070 |
| Estimated Annual Turnover | £ 247,356 |
| Deposit | £ 3,768 |
| Estimated Fixtures & Fittings Value | £ 24,855 |
| Estimated Stock Valuation | £ 7,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 39,623 |
| Estimated Minimum Ingoing Costs | £ 12,256 |
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:
217, Huddersfield Road, Diggle, Oldham, OL3 5PQ
More properties in this region
White Horse Cockbrook
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Falcon Littleborough
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View details for Falcon LittleboroughTo 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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