Pub Overview
The Royal Oak is a well-known & loved community pub in Bognor Regis. What would you do with this pub to make it even more of a success?
The Area: The Royal Oak is in the town of North Bersted, within Bognor Regis, about a mile from the sea front. The pub is surrounded by roads.
Demographics: The pub benefits from being one of two pubs found in an area of around 5,379 adults. The customer base is made up of mostly mid-life to older customers of medium affluence.
The Offer: Available on our foundation tenancy agreement. The potential of this pub lies in maintaining its strong wet let trade, and community spirit. There is scope to develop the food offer. The site is well connected to local dart and rugby teams and involved in charity events for the community.
The right operator for the pub will have extensive experience in a community led pub business. They will have a clear vision for their food & drinks menu and be actively involved in community events, creating a memorable experience for their customers, and community as a whole.
Features
* Foundation Tenancy
* Catering Kitchen
* Car Park
* Outdoor Trade
* Private Accommodation
Trading Area & Facilities
* Main trading area with bar
* 40 internal covers
* Small catering kitchen
* HEINEKEN SmartDispense
* Small courtyard garden with four benches
* Car park with 30 spaces
Private Accommodation
Private accommodation consists of two bedrooms and a lounge.
Pub Financials
Estimated Total Ingoing Costs: £31,801
Estimated Minimum Ingoing Costs: £11,600
Annual Rent: £37,202
Estimated Annual Turnover: £407,287
Deposit: £9,301
Estimated Fixtures & Fittings Value: £14,000
Estimated Stock Valuation: £5,000
Estimated Working Capital: £3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
Downloads
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
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