The Royal Oak is a traditional and characterful pub situated in the affluent village of Leigh Sinton close to Malvern. The site offers good quality pub food which is complemented by a wide cask ale range.
TRADING AREA AND PRIVATE ACCOMMODATION
The Royal Oak is in good condition internally with two trading areas and a bar that serves both sections. The drinking area has a log burner and the second lounge-style room is in keeping with the traditional pub feel. The catering kitchen is suitably presented and is in good condition. Externally the pub looks neat and tidy. The car park to the rear of the site has spaces for around fifteen cars and there is a garden area which can seat around thirty people, with an additional patio sections that also seats around thirty.
The private accommodation compromises of three bedrooms, two of which are double rooms. There is also a lounge, a kitchen and a bathroom.
LOCAL AREA AND CUSTOMER BASE
The Royal Oak is largely surrounded by residential properties with a local school, a shop and post office nearby. It is situated on the edge of the attractive and popular Malvern Hills.
The pub’s main visitors are local residents, and the pub is particularly popular with families, as well as tourists passing the site on their way to and from the Malvern Hills. They visit primarily for the food offer and range of quality cask ales. The Royal Oak could potentially draw customers from other neighbouring villages by developing and better promoting the food side of the business. In future the new operator could look to attract pub games teams.
The pub currently trades well with sales of £3,500 wet and £600 dry per week. Under the right operator the pub has the potential to achieve sales of £5,000-£6,000 per week. The successful applicant will need to be a sociable, friendly individual who can focus on growing the food side of the business and keep good quality ale.
Barrelage Discount £75
Fair Maintainable Turnover* £248,992 p.a.
Working Capital £5,000
Training Fee £550+VAT
Security Deposit £5,000
Stock and Glassware £2,500
Legal fees £360 + VAT **
Initial Contractual Costs ***
Service charge £1,350 p.a.
Decorating fund £1,000 p.a.
Insurance £600 p.a.
Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
***The ongoing contractual costs will vary in accordance with the terms of the specific agreement.
****You will also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
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