Tenancy - Royal Oak, Tilehurst

6 days left

Location
Reading, Berkshire
Salary
Business Opportunity
Posted
30 Jun 2017
Closes
30 Jul 2017

Tenancy - Royal Oak

PUB OVERVIEW

Fantastic opportunity in Tilehurst, Reading for an experienced operator to run a robust business in the heart of the community. Small investment planned to coincide with external re-decoration. The Royal Oak is a fantastic opportunity for an experienced operator or couple to take over this community site. It is essential that the applicants have the experience in running pubs that are at the heart of the community: sports and local events are vital to the success of this site. The site has the facilities to introduce and drive a quality local food offering. During the summer months the garden is a key asset to the site.

BUSINESS INFORMATION

Entry cost from: £25,600.00

Annual rent: £35,200.00 per annum

Agreement Tenancy – Standard Tenancy

Type of Tie: Partial tie: Tied All Beer & All Cider

LOCATION

Situated in the heart of the community in the centre of Tilehurst a stones throw from Reading. Newbury, Abingdon, Panbourne and Bracknell are with in easy reach. Just down the road from the site further development of the out of town shopping park continues with high street names very prominent.

CURRENT PREMISES LICENCE OPENING HOURS

Sunday - Thursday 10:00 - 23:30

Friday & Saturday 10:00 - 00:30

About the business
TRADE SPACE

Well positioned 2 bar site. The site enjoys a large car park with a good sized enclosed trade garden and an excellent smoking solution to the side of the unit. Kitchen ground floor, good cellar, store room and toilets.

TRADE SPACE

  • Bars 2
  • Car park spaces 15
  • Food covers 20
  • Gardens 1
  • Trade kitchens 1
  • Patio areas 1

PRIVATE ACCOMMODATION

Practical accommodation that will need refurbishing.

  • PRIVATE SPACE
  • Private Rooms 7
  • Lounge 1
  • Single Bedrooms 2
  • Double bedrooms 2
  • Bathrooms 1
  • Toilets 1

ESTIMATING TURNOVER

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.

“Excellent opportunity for an experienced operator who is used to running a community site with a value food offering. The operator must be prepared to be part of the community and the driving force behind the local events.”

WHY CHOOSE US?

By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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