Olde Fat Ox Inn

Holywell Dene Road, Holywell, Whitley Bay, Tyne and Wear, NE25 0LJ

A LOVELY RURAL PUB, SITUATED CLOSE TO THE NORTUMBERLAND COAST LINE

This wonderful Pub, is bristling with charm and character and its wonderful quirky garden, must be one of the best kept secrets in North Tyneside. The Pub is a terraced property of traditional stone construction and is sandwiched between a cottage and small shop. The wonderful garden benefits from a terrace which leads onto a sloping lawn, which is surrounded by flower borders and then leads to a further grassed area which backs onto the dene. On a beautiful summer’s day, it’s hard to imagine a more idyllic place to enjoy a pint or two! Internally, the Pub offers a warm welcome and offers comfortable, traditional surroundings. The Olde Fat Ox is a real hub for the local community, dog walkers and hikers and this should be capitalised upon further, with the re introduction of a small, traditional food offer. On a cold winters day, this really is a lovely, cosy pub.

Location

Holywell is an old-fashioned country village near the Northumberland coast, north of Whitley Bay and close to St Mary's Island. In ancient times, it was the property of the Delaval family, but at the present time the Duke of Northumberland is lord of the manor. It stands on the north bank of a lovely dene, at the bottom of which runs a stream, with a population of approximately 2,700 people. Whitley Bay is a seaside town on the north east coast of England. Historically in Northumberland, it is administered as part of the borough of North Tyneside in Tyne and Wear. The village has its own character and identity, and benefits from being close to Holywell Dene, offering attractive walking routes. The heart of the village is a conservation area due to its historic character. Village facilities include a school (Holywell First School), a small community centre, two pubs and a church (St Mary’s)

Business Information

Annual rent

£5,200

Weekly rent

£100

Entry costs

£13,400

Turnover royalty

n/a

Forecasted Operator Turnover

£182,947

Forecasted Operator Profit (inc machine profit)

£5,146

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£144

Type of Tie

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

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.

Entry costs approximately £13,400.00, 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 £6000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£6,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£13,400

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)
2019/20 121 0 4,200
2018/19 146 0 8,064
2017/18 159 28 6,048

As you enter the pub, you are immediately greeted by the bar with seating to the left and right hand sides. Located on the right hand side are ladies and gentlemen toilets, as well as access to the lovely garden at the rear. Externally, the pub has a few parking spaces at the front and seating at the rear overlooking Holywell Dene.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

30

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

4

Current Premises License Opening Hours

Sun-Thu: 11:00 - 23:00
Fri-Sat: 11:00 - 00:00

Private accommodation is to a good standard. There are three double bedrooms, lounge, office, utility room and kitchen. There are even patio doors from one of the bedrooms with a small roof terrace

Private Rooms

8

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I'm looking for an exceptional operator who can re invigorate this charming characterful Pub. To be successful you'll need to create a warm, welcoming atmosphere and re introduce a small, but quality food offer to tempt both the locals and walkers alike. This Pub has an unusual beautiful garden, which could be capitalised on. If this sounds like you, then please do not hesitate to contact our recruitment team for further information

Sarah Barron, Business Development Manager

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