Royal Oak

58 High Street, Halstead, Essex, CO9 2JG

Pub overview

Traditional wet led sports and music venue in a strong community market town.

The Royal Oak is a traditional ale house, situated in the middle of the high street. Popular with shoppers and locals alike and famous for its music and sport events. The pub now needs a strong operator to build upon this and take the pub to the next level, maximising events, and possibly introducing a small food offering.

One bar servery, recently refurbished, with a pool table area at the rear and garden space.

Trade space
Bars 1
Car park spaces 2
Dining rooms 1
Food covers 20
Gardens 1
Trade kitchens 1

Accommodation is basic and kitchen may need some development. Current office could be a second bedroom.

Private space
Private Rooms 6
Lounge 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1

Rent information

Annual rent £30,000 per annum
Weekly rent £576.92 per week fixed
Notes

£30,000 per annum and subject to annual RPI increase, which is capped.  Paid weekly by direct debit.

*Machine Income free of tie*

Entry Costs approx £14,000 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). Fixtures & fittings are subject to valuation.

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings TBC Working capital £2,000
Other costs £3,150 Total entry cost £12,800

Agreement description

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

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 259 542 3,358
2015/16 266 995 3,643
2014/15 266 94 2,743
Volume notes

Location

Halstead is a town in the Braintree District of Essex, 7 miles north of Braintree, near Colchester and Sudbury. An attractive traditional market town with a wealth of shops, restaurants and interesting walks.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen

Current premises licence opening hours

Monday - Thursday 10:00hrs - 00:30hrs Friday and Saturday 10:00hrs - 01:30hrs Sunday 10:00hrs - 00:00hrs

Contact Us

Sarah Barron

Business Development Manager

Call us today 01284 714 497

Apply online
“ Wet-led, town centre pub, ideally suited to someone with a passion for sport and music. Potential to develop small food offer. ”