Spring Vale Inn Oldham

14 Burnley Street, Chadderton, Oldham OL9 0JH

  • Spring Vale Inn Oldham
  • Spring Vale Inn Oldham
  • Spring Vale Inn Oldham
  • Spring Vale Inn Oldham
  • Spring Vale Inn Oldham
  • Spring Vale Inn Oldham
  • Spring Vale Inn Oldham
  • Spring Vale Inn Oldham

Spring Vale Inn Oldham

Be the Heart of the Local Community

Great place to play darts and grab a pint of beer on Burnley Street, Oldham is where you will find Spring Vale Inn, perfect location to pick up the link for the Metro. Situated in a prominent position on the main road which attracts walk-in trade from local residents, as well as visitors to this popular area due to large supermarket and a number of shops.
As this pub is currently 100% drinks led, a superb opportunity exists to introduce a simple food offer to help boost trade in an already thriving community business.

Community Champion Wanted

Do you enjoy delivering excellent service whilst pouring the perfect pint for your regulars and visitors? Do you like to look at new ways to bring added value to your customers in a traditional pub? If this sounds like you, come and speak to us.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the Spring Vale is a one bar operation, with the main trading space and a separate games area to keep those budding sports fans happy. The pub has a traditional look and feel about it, decorated with warm colors and surrounded with comfortable seating. An additional income stream is provided with a Gaming Machine.

Externally there is a yard area with seating facilities and car parking is available nearby.

Private Accommodation

The private accommodation at the Spring Vale consists of three bedrooms, kitchen, lounge, office and bathroom. In line with our "Ready to Trade Promise" should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 12:00 - 00:30

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 £
1,370
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,000
Rent In Advance £
231
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
9,786
Estimated Minimum Ingoing Costs £
9,185

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 £
0
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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