Run a Star Pub - Angler Oakham (Mill Street Pub & Kitchen) - Oakham

Star Pubs Leased & Tenancy; Oakham; On-site; GBP 15,000 - 72,000; Full time

Job summary

A leading hospitality company is looking for an experienced pub operator to take advantage of a promising opportunity in Oakham, United Kingdom. The operator will develop a balanced food and drink offer, enhance trade through innovative ideas, and manage all aspects of the pub experience. Ideal candidates have extensive experience in hospitality and a clear vision for creating a memorable customer experience.

Qualifications

• Extensive experience in a hospitality business.
• Clear vision for Food, Drinks, and Marketing.
• Ability to create a memorable experience for customers.

Responsibilities

• Develop a strong 60/40 wet/dry food & drink offer.
• Implement ideas to drive trade.
• Manage the overall operation of the pub.

Job description

Pub Overview

Great location with attractive facilities

The area

The Angler is situated on Mill Street in the heart of the attractive market town of Oakham. Oakham is the county town of Rutland in the East Midlands, which is consistently voted one of the most desirable rural places to live in the country; and lies just to the west of Rutland Water, one of the largest man-made lakes in Europe. The town lies 25 miles east of Leicester, 28 miles south-east of Nottingham and 23 miles west of Peterborough. The pub is surrounded by mixed housing.

The pub benefits from being one of 6 pubs found in an area of around 3,000 adults. The customer base is made up of a broad range of consumers reflecting the surrounding community.

The offer

The offer: Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong 60/40 wet/dry food & drink offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via multiple avenues, retailing from dining to letting B&B rooms.

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a hospitality business. They will have a clear vision for their Food, Drinks and Marketing and can create a memorable experience for their 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
• Letting Rooms
• Catering Kitchen
• Outdoor Trade
• Car Park
• Private Accommodation

Trading Area & Facilities

• Open plan trading area with bar
• Small separate dining room
• 80 internal covers
• Open plan kitchen
• Function room
• HEINEKEN SmartDispense
• 8 letting rooms
• Small courtyard
• Car park with six spaces

Private Accommodation

Private accommodation consists of three bedrooms, a living room, small kitchenette and bathroom.

Pub Financials

Pub Financials Icon

• Estimated Total Ingoing Costs: £71,296
• Estimated Minimum Ingoing Costs: £15,859
• Annual Rent: £28,304
• Estimated Annual Turnover: £454,756
• Deposit: £7,076
• Estimated Fixtures & Fittings Value: £50,720
• Estimated Stock Valuation: £10,000
• 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.

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow