Royal Albion

642 Oxford Road, Reading, Berkshire, RG30 1EH

Fantastic opportunity in Reading for an experienced person to take over this established business and create the best Sports venue in town

The Royal Albion is a fantastic opportunity for an experienced person to take over this established business. It is essential that applicants have extensive experience in running a local community site where sports are a large part of the offering. They must also be prepared to be part of the local community and the driving force in promoting local events.

Location

The Royal Albion is a fantastic opportunity for an experienced person to take over this established business. It is essential that applicants have extensive experience in running a local community site where sports are a large part of the offering. They must also be prepared to be part of the local community and the driving force in promoting local events.

Business Information

Annual rent

£75,000

Weekly rent

£1,442

Entry costs

£44,650

Turnover royalty

n/a

Forecasted Operator Turnover

£622,437

Forecasted Operator Profit (inc machine profit)

£66,027

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Blended £108

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 •Tie variations available •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Flexible pricing options available •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

Entry costs approximately £44,650.00, 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 £18,000 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

£18,750

Fixtures & Fittings

£18,000

Legal Admin Fee

£850

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£44,650

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)
2018/19 338 138 5,279
2017/18 307 658 5,099
2016/17 351 1,318 6,945

This site has a robust sports offering following a refurbishment of the site creating an area at the back of the site, which has 2 championship pool tables located. To the side of the site we have a covered patio area which also acts as smoking solution, this area is very popular with an external viewing screen. To the rear of the site we have a car park for c 20 cars, a second patio is located on the side of the car park with it own standalone bar.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

Yes

Trade Food Covers

25

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

20

Current Premises License Opening Hours

Sun - Thu: 06:30-00:30
Fri - Sat: 06:30-01:00

4 double rooms, 2 single rooms, 1 toilet/shower room and a kitchen. in need of modernisation

Private Rooms

9

Lounge

No

Dining Rooms

0

Double Bedrooms

4

Single Bedrooms

2

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

Ideal for an experienced operator who is used to running town drinking sites, with a 'home produced food offer', giving value for money. The operator must also be prepared to be part of the local community and a driving force in promoting local events. Excellent opportunity to develop a robust sports offering

Graeme Marley, Business Development Manager

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