Port Mahon
82 St Clements Street, Oxford, Oxfordshire, OX4 1AW
GREAT OPPORTUNITY IN THE CITY
Port Mahon is a traditional pub in St. Clements Road, Oxford. The pub benefits from having two bars and rooms, catering kitchen and large rear garden. We are seeking an experienced operator with expertise in the student market, live music and events to make this a thriving pub in the heart of Oxford. The pub is renowned for good quality beers and great food and the successful applicant will be able to drive business forward with a great menu.
Function rooms
Garden
Kitchen
Patio
Location
The pub is situated on St. Clements road, a busy south Eastern entrance into Oxford and is slightly set back from the road, allowing for outdoor seating to the front of the pub. To the rear is a large enclosed garden with managers cottage. The pub backs on to housing, populated with local residents and students.
Business Information
Annual rent
£37,000
Weekly rent
£712
Entry costs
£30,375
Turnover royalty
n/a
Forecasted Operator Turnover
£409,693
Forecasted Operator Profit (inc machine profit)
£36,725
Forecasted Operator Machine Profit
£5,000
Average Beer & Cider Discount*
£108
Type of Tie
Partial tie: Tied All Beer & All Cider
Agreement
Standard Tenancy Agreement. A fixed 5 year term. Machine income retained by operator.
Entry cost is approximately £30,375 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 £13,000. 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
£9,250
Fixtures & Fittings
£3,250
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£15,000
Other Costs
£1,150
Total Entry Costs
£30,375
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 | 130 | 1,683 | 3,399 |
| 2022 | 109 | 1,341 | 3,102 |
| 2021 | 103 | 1,492 | 2,879 |
The pub has two bars servicing two separate trading rooms. Male and female toilets are also on ground level. There is a catering kitchen and the rear door leads out into a very large decked garden area that is enclosed.
Trade Bars
2
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
40
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Sun-Thu:11:00-00:00
Fri-Sat: 11:00-01:00
To the rear of the property is a self contained managers cottage comprising of a single bedroom, kitchen, bathroom and lounge area.
Private Rooms
11
Lounge
1
Dining Rooms
0
Double Bedrooms
6
Single Bedrooms
0
Bathrooms
1
Toilets
2
Private Kitchens
1
Offices
0
Bedsits
0
I am looking for an experienced operator who has a good understanding of the student market, who can blend a mix of locals and students well to satisfy all. The successful candidate will have experience of managing events and the ability to create and implement a substantial food offering.
Wayne Farrell, Business Development Manager
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