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Run a Star Pub

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Tamworth Staffordshire, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

If you want to know about the requirements for this role, read on for all the relevant information.

Be the Beating Heart of the Community

Royal Oak is situated in the centre of Polesworth village, just outside of Tamworth.

It is the heart of the community, with an offer of live sports, darts and a jukebox it attracts a diverse range of customers from the more mature regulars to a younger clientele. It is a small pub with a cosy feel to it, circa 80 seats, with a strong wet trade. There is no opportunity to introduce food due to the size of the kitchen but there is the potential to drive the business forward through live entertainment.

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
  • Understanding of the local community
  • You know what it takes to build a successful business
  • You love hospitality and are great with customers

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

  • Foundation Tenancy
  • Live Sports
  • Pub Games
  • Outdoor Trade
  • Private Accommodation


Trading Area & Facilities

The pub is a single room, traditionally laid out with one central bar serving the lounge area and a separate bar area with a darts board. It has a mix of fixed and loose seating, with traditional fireplaces creating a cosy atmosphere.

The small outdoor garden area with artificial grass and picnic style seating is perfect to accommodate extra trade during the warmer months. There is a car park on the opposite side of the road making it easily accessible.

Private Accommodation

Private accommodation consists of three bedrooms, a joint lounge/kitchen and a bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Pub Financials

Annual Rent £
12,975
Estimated Annual Turnover £
210,644
Deposit £
3,244
Estimated Fixtures & Fittings Value £
8,675
Estimated Stock Valuation £
3,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
18,919
Estimated Minimum Ingoing Costs £
8,081

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.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.