Snipe Inn

31 Henshaw Street, Oldham, Lancashire, OL1 1NH

A superb town centre location with well established trade

The Snipe Inn offers an excellent town centre location, as well an established and loyal customer base. The Pub is known locally for its value driven drinks business and regular daytime entertainment. There is no food offer here, so continuing to engage and interact with the loyal drinkers, further marketing and enhancing the entertainment schedule will be key to your success here.

Location

The Snipe Inn offers an excellent town centre location, as well an established and loyal customer base. The Pub is known locally for its value driven drinks business and regular daytime entertainment. There is no food offer here, so continuing to engage and interact with the loyal drinkers, further marketing and enhancing the entertainment schedule will be key to your success here.

Business Information

Annual rent

£31,000

Weekly rent

£596

Entry costs

£33,625

Turnover royalty

n/a

Forecasted Operator Turnover

£418,267

Forecasted Operator Profit (inc machine profit)

£38,536

Forecasted Operator Machine Profit

£7,500

Average Beer & Cider Discount*

Blended £180

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 £33,265.00, 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 equal to 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

£7,750

Fixtures & Fittings

£15,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£8,000

Other Costs

£1,150

Total Entry Costs

£33,625

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 383 1,157 5,469
2018/19 430 1,384 6,482
2017/18 495 1,449 6,156

The Snipe Inn is a compact venue with one bar servery which make this site very easy to manage. There is a small kitchen area used only for glass washing and tea & coffee making facilities.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

No

Trade Food Covers

0

Trade Gardens

No

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun - Wed - 09:00 - 0:00
Thu - Sat - 09:00 - 02:00

Spacious three bedroom accomodation in reasonable condition.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an excellent operator with local knowledge and experience of controlling a wet led, value driven town centre site. The Snipe Inn is compact and benefits from an excellent location, with plenty of footfall at all times of the day. I you would like to run this established business, then please contact our recruitment team for more information

Paul Hirst,

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