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Run a Star Pub
4 months ago
Popular Food Led Pub
The Turks Heads is a popular destination food pub located in a busy residential area in Royston, in between Oldham and Rochdale. Having been ran by the same family for decades, the pub has a well established reputation for great food and hospitality. The pub has a plethora of loyal customers from near and far who drink, dine and relax whilst taking in the amazing views that the pub offers.
The demographics surrounding the pub are good, with a wide range of ages mostly medium to high affluence. Available on our foundation tenancy agreement. Click here for more information on this agreement, the right operator for the Turks Head will have experience in dealing with a high food volume operation whilst also driving wet sales. They will know how to provide great service and ensure loyalty amongst the customer base. What would you look to implement in the pub?
Features
- Foundation Tenancy
- Cask Ale
- Car Park
- Catering Kitchen
- Private Accommodation
- Outdoor Trade
Trading Area & Facilities
The pub has around 90 covers internally across an open plan trading area with customers enjoying its modern and tasteful décor. Outside there is a drinking area which wraps around the side and front of the building. There is a well-equipped catering kitchen as well as a small car park to the side of the pub.
Private Accommodation
The private accommodation consists of three bedrooms, lounge, kitchen and bathroom.
Pub Financials
Annual Rent £
52,037
Estimated Annual Turnover £
657,520
Deposit £
13,009
Estimated Fixtures & Fittings Value £
30,000
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
56,509
Estimated Minimum Ingoing Costs £
17,836
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.
