Royal Oak Retford
Royal Oak Retford
Main Street, Retford, DN22 0AD Pub Code: 2302514101
Pub Code: 2302514101
Investment TenancyEst. Annual Turnover: £407,244
Annual Rent: £27,693
We are planning an investment of around £162,000 to transform the Royal Oak into a premium village local at the heart of its community. What would you do with this pub to make it a success?
About the area
The Royal Oak sits in an affluent village near Retford, with strong passing trade and a distinctive advantage: it is the only pub in the village. There are approximately 906 adults within a 10-minute walk and 1,183 within a 20-minute walk, giving the pub an established local catchment and the potential to become a natural meeting place for residents.
The existing offer has been predominantly drinks-led, with a relatively basic proposition that has limited destination visits. Our planned investment will help reposition the Royal Oak as a more appealing, premium local with a broader customer base. Refreshed surroundings, an improved garden and stronger entertainment facilities will help build its reputation as the village hub.
The offer
The Royal Oak 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 Royal Oak will have extensive experience in community-focused, drinks-led hospitality businesses. They will have a clear vision for a quality drinks offer, engaging entertainment, a strong local marketing strategy and opportunities to develop the wider offer, and can create a memorable experience for their customers.
We are looking for an experienced operator who understands village life, can build relationships with local residents and has the energy to make the Royal Oak a genuine community hub. There is scope for the successful applicant to help shape the food, drinks and events proposition.
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 proposed refurbishment will cover both the interior and exterior of the pub. 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
- 42 internal covers
- 56 external covers
- New gaming and entertainment area
- Pub garden
- HEINEKEN SmartDispense
- Private accommodation with two bedrooms
- Car park with four spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, 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
Private accommodation consists of 2 bedrooms, a living room, kitchen, and bathroom.
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**:
£15,808 - £40,923
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
Star Pubs is proposing a £162,000 investment covering both the interior and exterior of the Royal Oak. The refurbishment is designed to refresh the pub’s appearance, improve its use of space and enhance the outdoor experience, helping create a premium local that residents will be proud to call their own.
What's happening?
Inside, an interior décor refresh will create a more welcoming and contemporary place to enjoy a drink, while a new gaming and entertainment area will give customers more reasons to visit and stay longer. Upgraded facilities for entertainment will also open up opportunities for the operator to establish a regular programme of activities that suits the village.
Outside, new signage will strengthen the pub’s presence and kerb appeal, helping it make the most of passing trade. A revamped garden will create an attractive setting for customers to meet and socialise, particularly during the warmer months. The project also includes works to the private accommodation.
The Royal Oak will remain rooted in a drinks-led offer, with HEINEKEN SmartDispense supporting beer quality. Food and events are open to ideas from the incoming operator. While the pub has an existing kitchen that could potentially be developed in future, a kitchen refit is not part of this investment scheme.
Why invest?
As the only pub in the village, the Royal Oak has the opportunity to rebuild its reputation and become an everyday social hub for the community. The combination of improved presentation, more inviting external space and better entertainment facilities is expected to attract a wider mix of customers, increase visit frequency and support longer dwell times. The briefing identifies a projected turnover of £407,000 following investment; this is a forecast, not a guarantee.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
Main Street, Retford, DN22 0AD
Selected pub
Other pubs
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