Prince of Wales

Horspath Road, Oxford, Oxfordshire, OX4 2QW

COMMUNITY LOCAL

The Prince of Wales in Oxford is true, traditional community local, serving local residents. The site is heavily wet led with only 10% food sales. The pub is well presented and located a short distance from the local MINI factory. The site offers regular entertainment and live sport on TV and benefits from large levels of gaming machine income, as well as a function room for hire.

Location

The Prince of Wales is located in the Oxford suburb of Cowley on the south eastern edge of the City. The pub sits in a heavily populated residential area, with a prominent roadside location,

Business Information

Annual rent

£18,850

Weekly rent

£363

Entry costs

£33,875

Turnover royalty

n/a

Forecasted Operator Turnover

£381,874

Forecasted Operator Profit (inc machine profit)

£31,276

Forecasted Operator Machine Profit

£12,500

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

Entry costs approximately £33,875.00, 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 25% of head rent. Fixtures and Fittings are valued at approximately £15,000 and the final valuation will be confirmed on change day. 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

£6,000

Fixtures & Fittings

£15,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£33,875

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 125 615 1,709
2019 205 1,020 3,489
2018 215 755 3,631

The pub is split into two rooms with split bar serving each. There are approximately 74 food covers. Externally there is a small patio area.

Trade Bars

2

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

74

Trade Gardens

0

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

Mon-Thu: 11:00-00:00
Fri-Sat: 11:00-02:00
Sun: 11:00-01:00

The accommodation comprises 4 bedrooms, kitchen, lounge, bathroom, toilet and office

Private Rooms

9

Lounge

1

Dining Rooms

0

Double Bedrooms

4

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an owner operator for this site, who has either experience of such community operations or someone with the right skills looking to run their first pub. The Prince of Wales is a real hub for the local community offering local residents a great venue to socialise. If this opportunity is attractive to you, then please contact our recruitment team.

Michael Beveridge, Business Development Manager

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