4 Biggleswade Road, Potton, Sandy, Bedfordshire, SG19 2LU
This 17th century pub has plenty of character and charm - the right operator will be able to maximise the potential of this wonderful pub.
The Royal Oak is a predominately food led pub that features a good size kitchen, 50 internal food covers in the restaurant and a popular locals bar full of character. There is a large car park, patio and garden area great for those warmer summer days. The interior is designed with traditional oak beam bars with an open fire for those colder months making it a friendly and relaxing pub to be in.
The trade area consists of a public bar with real ales attracting a good local drinking trade. There is an open fire place and dark wooden beams throughout, giving real character to the pub. A bright dedicated restaurant area and large kitchen, compliment by the large patio and garden area offering 60+ extra covers in the summer months. The car park has 14 spaces and there is potential for a small function/meeting room with a small amount of investment.
|Car park spaces||14|
The private accommodation is in a fair condition. It is comfortable for a small family or live in couple.
|Annual rent||£31,000 per annum|
|Weekly rent||£596.15 per week fixed|
£31,000.00 per annum, £596.15 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx. £23,300 which includes fixtures and fittings, 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 and Fittings to be valued - assumed value £20,000 and £5,000 ingoing's shown based on 25% deposit on assisted purchase.
|Fixtures & fittings||£5,000||Working capital||£6,000|
|Other costs||£4,650||Total entry cost||£23,300|
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)|
|Volume notes||Site has been free of tie on certain products so turnover will need to be estimated.|
The Royal Oak is well located 5 minute's walk from the centre of Potton and on the main road into the town from Sandy and the A1. There are a lot of new housing developments being built in Potton near to the Royal Oak over the next few years.