Ox & Gate
341 Oxgate Lane, Neasden, Greater London, NW2 7HS
A STUNNING NORTH LONDON PUB.
The Ox & Gate, at Neasden is your chance to run your own pub franchise business, with Greene King by your side. As a franchisee, you will need to drive sales, motivate your team and bring the pub to the heart of the community. You'll need to show your entrepreneurial flair by driving sales and footfall via an engaging programme of events, live sport on TV and by creating memorable customer experiences, that will keep the customers coming back for more. Greene King will set the business up for you, supplying everything you need and will pay the majority of the running costs, leaving you to focus on running a great pub. As franchisee, your only costs will be for staffing and insurances, with four great ways to earn money.
Bar
Dining areas
Kitchen
Location
Neasden is located in North West London and is home to the Shri Swaminarayan Mandir, a huge Hindu temple decorated with ornate carvings and surrounded by a formal garden. Tree-lined Gladstone Park has a cafe and a walled flower garden, while quiet Brent Reservoir is surrounded by woods. Shops line Neasden Lane, and retail warehouse stores cluster along the busy North Circular Road.
Business Information
Annual rent
£0
Weekly rent
£0
Entry costs
£8,000
Turnover royalty
n/a
Forecasted Operator Turnover
£435,650
Forecasted Operator Profit (inc machine profit)
£34,000
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
Type of Tie
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 entry fee and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. You can expect to earn a guaranteed minimum income of £20,000 which is paid weekly (£385 per week). In addition, you'll be paid a percentage of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses are available based on business performance and standards audits. Private accommodation is provided where available.
Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £3000 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
£0
Fixtures & Fittings
£0
Legal Admin Fee
£0
Broker Fee
£0
Stocktaking Fee
£0
Working Capital
£3,000
Other Costs
£5,000
Total Entry Costs
£8,000
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 207 | 1,204 | 4,558 |
| 2022 | 225 | 1,496 | 4,590 |
| 2021 | 200 | 502 | 2,925 |
The pub is on ground level, situated on a busy road with plenty of passing through traffic. Externally there are two patios with external furniture that accommodates around 40 people sitting. Internally the pub is well zoned with a distinct dining room to the right, large main bar with multiple TVs across all zones with multiple SKY/BT Boxes, a snug area to the far left and games room to the far side of the pub. This is a busy wet lead Pub, with a successful past has great potential to become the hub of this corner of North London.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
45
Trade Gardens
0
Trade Patio Areas
2
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-Thu: 08:00-01:30
Fri-Sun: 08:00-02:30
There is no accommodation on site
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
The new franchisee we are looking for must be an experienced pub manager who is truly community focused. They must be able to drive footfall and be passionate about increasing sales, via a programme of engaging events and sport on TV. The ability to demand exceptional standards and brilliant customer experiences will be some of the other key skills we will be looking for. If you'd like to learn more about becoming the franchisee at the Ox & Gate, please contact our recruitment team for more information.
Alex De Araujo, Business Development Manager
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The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.