Prince of Wales
Horspath Road, Oxford, Oxfordshire, OX4 2QW
COMMUNITY LOCAL
The Prince of Wales in Oxford is a 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.
Function rooms
Kitchen
Patio
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 & 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) |
|---|---|---|---|
| 2021 | 140 | 652 | 2,077 |
| 2020 | 125 | 615 | 1,709 |
| 2019 | 205 | 1,020 | 3,489 |
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
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.
Wayne Farrell, Business Development Manager
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