Farmers Arms Burscough
36 New Lane, Ormskirk, L40 8JAAgreement Type:
Foundation Tenancy
View details for Farmers Arms Burscough
Royal Oak Aughton
Royal Oak Aughton
134, Liverpool Road, Ormskirk, L39 3LW Pub Code: 2302281101
Pub Code: 2302281101
Investment TenancyEst Min Ingoing Costs: £88,179
Annual Rent: £85,718
The Royal Oak offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The Area:
The pub benefits from being one of just a few pubs in an area of around 1,818 adults. The local customer base is made up of affluent midlife and mature adults.
The Royal Oak is located in Aughton, West Lancashire, at the end of the A59 dual carriageway which connects North Liverpool with Ormskirk and Southport. It’s perfectly placed near Edge Hill University and within a short drive of Liverpool, Aintree Racecourse, and key motorway routes. With very little nearby competition, the pub is ideally positioned to become the go-to local destination.
The Offer:
The Royal Oak is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re investing significantly in a large internal extension, a fully modernised layout, a new kitchen and upgraded front patio. This will create a premium local pub with excellent facilities, perfect for food-led operators who want to make a real mark in the community.
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 Royal Oak will have extensive experience in food-led hospitality businesses. They will have a clear vision for their offer, team culture and local engagement, 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
Significant works will be undertaken to transform the Royal Oak into a thriving premium local pub. The internals will be extended and redecorated with a new kitchen and cellar being added, as well as works done to the toilets. Externally, enhancements will be made to improve the pubs kerb appeal to attract both new customers and regular patrons.
All details of the proposed works can be found in the Refurbishment Details document in the Downloads section.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016)
Private Accommodation
The private accommodation consists of two bedrooms, a lounge, kitchen and bathroom.
Estimated Total Ingoing Costs
£88,179
Estimated Minimum Ingoing Costs
£88,179
Annual Rent
£85,718
Estimated Annual Turnover
£1,043,358
Deposit
£21,429
Estimated Fixtures & Fittings Value
£53,250
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:
134, Liverpool Road, Ormskirk, L39 3LW
[]
Selected pub
Other pubs
People also viewed
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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download