Oak

43 Ipswich Street, Stowmarket, Suffolk, IP14 1AH

PUB FRANCHISE AGREEMENT, INVESTMENT PLANNED

PUB MANAGEMENT EXPERIENCE ESSENTIAL! The Royal Oak at Stowmarket, is a great opportunity to operate your own Pub Business with our Pub Franchise Agreement. We will offer you a quality pub asset and set up the business for you and is an ideal way for experienced pub managers to run their own business. In return we will expect you to be energised and genuine with your customers, become an active part of the community and get to know your regulars whilst being nicely nosey. Live sports, pub food and regular events will be at the heart of the pub to attract a broad customer base.

Location

Stowmarket is a market town in Suffolk, on the busy A14 trunk road between Bury St Edmunds to the west and Ipswich to the southeast. The town is on the main railway line between London and Norwich. The Oak is located on the High Street, with plenty of footfall at all times of day, with local shops and other high street names close by.

Business Information

Annual rent

n/a

Weekly rent

n/a

Entry costs

£7,000

Turnover royalty

n/a

Forecasted Operator Turnover

£554,303

Forecasted Operator Profit (inc machine profit)

£32,769

Agreement

Pub Franchise Agreement is an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay • £5,000 We give • Greene King sets up the pub and takes liability for the property and pays all running costs including stock. • We also supply marketing, training and ongoing support. You get • You’ll be paid a management fee of £20,000 so you will have a guaranteed income. • You will be paid a percentage of weekly sales known as the variable management fee. • You can earn bonuses based on business performance and standards audits. • Private accommodation where available.

Entry cost of £5,000 is payable on change day. This includes legal fees and start up training costs. An extra £2,000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.

Deposit

N/A

Fixtures & Fittings

N/A

Legal Admin Fee

N/A

Broker Fee

N/A

Stocktaking Fee

N/A

Working Capital

£5,000

Other Costs

£2,000

Total Entry Costs

£7,000

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 0 0 0
2019 0 0 0
2018 0 0 0

A substantial pub, with three internal trading spaces. As you enter the pub there is a long bar servery to the right, with space for dining and drinking. As you progress through the site, you enter a second trade room again with space for dining and drinking. To the rear of the site is a games room which could feature a pool table and darts board. Externally there is a garden area, with external covers.

Trade Bars

1

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

71

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises License Opening Hours

To be confirmed

The accommodation is large and flexible, an inspection of the accommodation is recommended to appreciate its flexible nature.*Room numbers to be confirmed*

Private Rooms

0

Lounge

0

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced couple or individual with pub management experience who can meet our licensee profile and effectively deliver the offer within our franchise agreement. The Pub Franchise Agreement allows those with the relevant experience to launch their own business, without the high costs or risks of a traditional tenancy. If you feel this may suit you, then please contact the recruitment team for further information

Mark Horton, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.