Royal Oak Tipton

Dudley Port, Tipton, Tipton DY4 7PR

  • Royal Oak Tipton
  • Royal Oak Tipton
  • Royal Oak Tipton
  • Royal Oak Tipton
  • Royal Oak Tipton
  • Royal Oak Tipton
  • Royal Oak Tipton

Royal Oak Tipton

"Lively Local The Royal Oak occupies a good, roadside location opposite Dudley Port train station. Originally a market town, Dudley has developed substantially on the last few years and is now a popular suburb of Birmingham. Trade for the pub can come from passing trade and the families who live in the homes surrounding the pub. Currently the pub concentrates on mainstream beers, ciders, live entertainment and sports with no food or real ale on offer. To entice a broader audience and attract the residents who surround the site, the offer at this pub should consist of a simple, affordable food offer, serving tasty lunch time and evening pub grub and a consistent coffee offer. With a possible investment coming soon to this site there is a superb opportunity to attract a much wider range of guests by perfecting the basics. Ambitious Entrepreneur Wanted Are you ambitious and self-motivated, with a thorough understanding of running a business? If so, we want to hear from you. A clear business plan, and your organisational skills will be second to none but most important of all is a desire to get involved in this friendly local and the community."

Pub Features

  • Rolling Tenancy
  • Weekly Billing

Trading Area & Facilities

Royal Oak's trading area consists two a joining rooms, one currently used as a pool room. They are both serviced by one central bar. On site there is catering Kitchen installed which is currently unused but offers the potential to introduce a good quality food offer to the business. There is also a function room on site which again has the potential to generate income for the business.
Outside, the Royal Oak has a pathed trading area split over two levels, part of this is covered and has benched seating. A large car park is situated to the front and side of the pub.

Private Accommodation

The private accommodation at the Royal Oak consists of 4 + bedrooms, Lounge area, bathroom and kitchen. 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 further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased