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Royal Oak Polesworth
Grendon Road, Tamworth, B78 1NU
Pub Code: 2302984101
Key Features
- Wet Led Community Pub
- Live Sports
- Pubs Games
- Small Garden Area
- Car Park close by
- 3-Bedroom Private Accommodation
Est Min Ingoing Costs: £8,997
Annual Rent: £20,106
More Information
Be the Beating Heart of the Community
Royal Oak is situated in the centre of Polesworth village, just outside of Tamworth.
It is the heart of the community, with an offer of live sports, darts and a jukebox it attracts a diverse range of customers from the more mature regulars to a younger clientele. It is a small pub with a cosy feel to it, circa 80 seats, with a strong wet trade. There is no opportunity to introduce food due to the size of the kitchen but there is the potential to drive the business forward through live entertainment.
Experienced Community Operator
The pub needs someone with drive and enthusiasm, ideally with links to the local community. Someone willing to immerse themselves in village life and engage with the community will be pivotal to its success.
Trading Area & Facilities
The pub is a single room, traditionally laid out with one central bar serving the lounge area and a separate bar area with a darts board. It has a mix of fixed and loose seating, with traditional fireplaces creating a cosy atmosphere.
The small outdoor garden area with artificial grass and picnic style seating is perfect to accommodate extra trade during the warmer months. There is a car park on the opposite side of the road making it easily accessible.
Private Accommodation
Private accommodation consists of three bedrooms, a joint lounge/kitchen and a bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Premises Licence Details
Please refer to the Premises Licence for full details
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
10:00 - 00:30 |
12:00 - 00:00 |
| Annual Rent | £ 20,106 |
| Estimated Tenants Annual Operating Profit | £ 21,106 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 310,775 |
| Estimated Annual Barrelage | 277 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 4,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 4,000 |
| Deposit Amount | £ 5,027 |
| Rent in Advance | £ 387 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 15,024 |
| Estimated Minimum Ingoing Costs | £ 8,997 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,972 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
4908
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
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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