Oddfellows Arms

24 Foregate Street, Astwood Bank, Redditch, West Midlands, B96 6BW

COMMUNITY WET LED PUB

The Oddfellows Arms in Astwood Bank, Redditch is a great opportunity to obtain a community wet led pub. Currently closed, we are looking for the right person to bring this back to a thriving centre for all generations. With a great garden to encourage families, this is a super meeting place for the whole community. With both lounge and bar areas along with a restaurant to the rear of the pub, this is an exiting prospect to add your own stamp on.

Location

Astwood Bank is a village on the outskirts of Redditch. Astwood Bank is near the Warwickshire - Worcestershire border, near villages such as Studley, Sambourne, Callow Hill, Feckenham, and Cookhill. The pub is located within a small one way street, densely populated in the beautiful village of Astwood Bank.

Business Information

Annual rent

£29,000

Weekly rent

£558

Entry costs

£27,330

Turnover royalty

n/a

Forecasted Operator Turnover

£327,298

Forecasted Operator Profit (inc machine profit)

£29,451

Forecasted Operator Machine Profit

£2,000

Average Beer & Cider Discount*

£72

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term. Machine income retained by operator.

Entry cost is approximately £27,330 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £9,205. 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

£7,250

Fixtures & Fittings

£9,205

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£8,000

Other Costs

£1,150

Total Entry Costs

£27,330

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2021 93 196 1,776
2020 78 187 108
2019 162 837 3,814

There is a lounge and separate bar. The restaurant is at other end of pub which opens up onto a beer garden.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

0

Trade Gardens

1

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 Licence Opening Hours

Mon - Sat 11:00-00:30
Sun 12:00-23:30

The living accommodation comprises four bedrooms, kitchen and bathroom.

Private Rooms

8

Lounge

0

Dining Rooms

0

Double Bedrooms

4

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for a community focused operator who may even be looking to run a pub for the first time. Known locally as The Oddies, the pub is currently closed however is very popular within the local community so we are very keen to open again as soon as possible. If this is the opportunity you are looking for then please contact the recruitment team.

Asa Charlton,

Apply for this property

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