58 High Street, Halstead, Essex, CO9 2JG
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.
|Car park spaces||2|
Accommodation is basic and kitchen may need some development. Current office could be a second bedroom.
|Annual rent||£30,000 per annum|
|Weekly rent||£576.92 per week fixed|
£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.
|Fixtures & fittings||TBC||Working capital||£2,000|
|Other costs||£3,150||Total entry cost||£12,800|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
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.