Hollington Oak

210 Wishingtree Road, St Leonards-on-Sea, East Sussex, TN38 9LB

A PUB WITH HUGE POTENTIAL

The Hollington Oak is situated in a large residential area in the seaside town of St Leonards on Sea. The site predominately caters for local residents and offers a value food range but is mostly wet led, trading at a 65/35 sales split in favour of drink. The future success of the business will require you to capitalise upon the existing local trade and further utilising the pubs assets, including the large garden and car park. The pub should position its self as a value led family offer, with live sport on TV, activities for kids and meal deals. The pub is well presented and has plenty of trade space internally. There is also no immediate local competitors, so with plenty of chimney pots close by, there is a large captive audience to take advantage of.

Location

St Leonards-on-Sea is a town and seaside resort in the Borough of Hastings in East Sussex. It has been part of the borough since the late 19th century and lies to the west of central Hastings. The original part of the settlement was laid out in the early 19th century as a new town: a place of elegant houses designed for the well-off; it also included a central public garden, a hotel, an archery, assembly rooms and a church. Today's St Leonards has extended well beyond that original design, although the original town still exists within it.

Business Information

Annual rent

£47,500

Weekly rent

£913

Entry costs

£39,750

Turnover royalty

5%

Forecasted Operator Turnover

£463,618

Forecasted Operator Profit (inc machine profit)

£46,905

Forecasted Operator Machine Profit

£9,500

Average Beer & Cider Discount*

£144

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £39,750.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £18,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£11,875

Fixtures & Fittings

£18,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£7,000

Other Costs

£1,150

Total Entry Costs

£39,750

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 194 601 4,713
2018/19 209 1,324 1,152
2017/18 228 2,000 6,683

There is plenty of trade space and internally the pub is split into three zones. There is a main bar/drinkers area, dining area and pool/darts area. All three zones wrap around the central bar. The space caters for approximately eighty-one covers. Externally there is a large garden which is enclosed and mostly laid to lawn, with child’s play area. There is also a large car park which offers parking for approximately thirty vehicles.

Trade Bars

1

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

81

Trade Gardens

2

Trade Patio Areas

0

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

1

Function Rooms

0

Customer Car Park Spaces

30

Current Premises License Opening Hours

Sun-Thu: 08:00-00:40
Fri-Sat: 08:00-01:40

The living accommodation comprises three bedrooms, kitchen, lounge and bathroom

Private Rooms

6

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

0

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am ideally seeking an experienced operator although I would consider a first-time operator if they have adequate local knowledge and can display a desire and passion for the industry. The pub has huge potential to increase trade and has no close by competition. If this feels like the right pub for you, then please contact the recruitment team for further information.

Lee Jarvis, Business Development Manager

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