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.
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.
Spacious three bedroom accomodation in reasonable condition.
|Annual rent||£31,000 per annum|
|Weekly rent||£596.15 per week fixed|
The £31,000.00 annual rent (£596.152 weekly) shown takes into consideration a machines supply concession. The annual rent will be £38,500.00 (£740.38 weekly) if you prefer not to have Greene King supply machines to you. The rent is subject to annual RPI increases, which is capped. Payment terms are weekly by direct debit.
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
|Fixtures & fittings||£15,000||Working capital||£8,000|
|Other costs||£1,150||Total entry cost||£33,625|
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)|
Oldham is a predominantly residential town and the improvement of the town centre is the focus of a project for transforming Oldham. Ideally located seven miles from Manchester city centre with easy access to both the M60 and the M62. Oldham is also only a twenty five minute drive to the beautiful peak district.
Current premises licence opening hours
Sun - Wed - 09:00 - 0:00 Thu - Sat - 09:00 - 02:00
Business Development Manager
Call the Recruitment team on 01284 714 497Apply online
“ 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 ”