Licensee - Old Grey Mare, Oldham
Minimum Ingoing Costs: £9,702
Annual Rent: £17,000
Annual Turnover: £288,223
Available on our Business Start-Up Agreement with a First Year Support Package to the value of £3,150. The Old Grey Mare is situated in a prominent location in Oldham. It has a strong passing trade due to its main road site and being within easy reach of Oldham Athletics. This community pub has a great traditional feel due featuring timber panelling, a beautiful fireplace, an exposed brick bar and stained glass windows.
Externally there is a great patio area featuring picnic benches which would benefit from trade in the summer months and a sheltered area featuring a purpose built conservatory style roofed shelter for the rainy season.
The pub is currently trading as wet led community local with no current food offer. We feel this would suit an operator familiar with the local area and who could introduce a simple food offer.
Available on our Business Start-Up Agreement with a First Year Support Package, support for this pub includes:
- Manage your risk: 3 year fixed term agreement that you can terminate at any time on three months’ notice;
- Financial support: the first year rent reduced from £17,000 to £13,850;
- Reward for high standards: financial incentives for achieving high retail standards up to £4,000.
All quoted figures are based on Star Pubs & Bars FMT rent model.
Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.