Plough Oldbury
Plough Oldbury
George Road, Warley, B68 9LN Pub Code: 2301839101
Pub Code: 2301839101
Investment TenancyEst. Annual Turnover: £350,231
Annual Rent: £26,900
A refurbishment is planned to spend in the region of £125,000 to transform The Plough, Oldbury into a refreshed community pub with a strong locals-led offer. What would you do with this pub to make it a success?
About the area
The Plough is located in a suburban area with around 5,000 adults living within walking distance of the pub. There are two pubs within a 10-minute walk, both of which are managed, food-led sites. This gives The Plough a clear opportunity to stand apart as a true local pub, focused on the local community rather than a managed dining-led offer.
The pub currently has a predominantly wet-led, drinks-focused trade. Following the refurbishment, it will be repositioned as a more attractive and welcoming community pub, with refreshed internal décor, a quality drinks range, light coffee trade and entertainment playing an important role in the offer. The investment will help cement The Plough’s position as a locals’ local, while making it more appealing to families and regular community users.
The offer
The Plough is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the ‘Refurbishment Details’ section for details of the investment being made.
Who we’re looking for
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 Plough will have extensive experience in community-focused, wet-led hospitality businesses. They will have a clear vision for the drinks range, entertainment, local marketing strategy and how to build strong engagement with the local community, creating 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
The refurbishment of the pub will focus on the interior, with only minimal works being carried out externally. A full list of works and pub floor plan can be found in the Downloads section.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- Snug area
- Separate games/sports zone
- 100 internal covers
- 40 external covers
- HEINEKEN SmartDispense
- Private accommodation with 2 bedrooms
- Pub garden
- Car park with 12 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£10,742 - £30,225
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.
What we're planning & why
The planned refurbishment will focus primarily on an internal transformation, with minimal external works being completed. With an estimated investment of £125,000, the scheme will include internal decoration and refurbishment of the private accommodation, helping to create a more attractive and comfortable pub for local customers.
What’s happening?
The internal trading areas will be redecorated to create a warmer, more appealing pub environment. This will support The Plough’s role as a community pub and give customers more reasons to visit regularly.
The pub will remain wet-led, with a quality drinks range at the heart of the offer. Coffee will also be required, although it is not expected to be a major part of trade. Entertainment will be crucial to the overall offer, giving the right licensee the chance to build a strong calendar of events and reasons for the local community to come together.
The private accommodation will also be refurbished, improving the live-in facilities available with the pub. While the main focus is internal, the scheme will also include minimal external works to help support the overall refresh.
Why invest?
This investment is designed to help The Plough rebuild its standing in the local community, make better use of its trading space and create a refreshed pub that feels more inviting to local customers. The refurbishment is expected to increase turnover by £100,000, taking projected turnover to £350,000 per annum.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Personal Recommendation
"A well overdue internal re-decoration to cement its position as a locals’ local."
— Lee Dishington, Investment Manager
Location:
George Road, Warley, B68 9LN
Selected pub
Other pubs
Nearby events
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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