tenancy
Ifield Green, Crawley RH11 0ND, UK
Approx. Total Ingoings
£15,250Annual Rent
£45,000The Royal Oak, Ifield is a traditional community pub, in an affluent suburb of Crawley. This large, two bar pub has a strong traditional food offering and has long been the home for local tradesmen and retired residents. The rear bar and lounge area offer comfortable dining for over 40 covers and SKY and BT sports are featured throughout. The pub also benefits from a well-maintained beer garden, with raised decking and a covered barbeque area, perfect for the summer months. The Royal Oak’s scope and location provides opportunity to draw in customers from further afield as well as from the Gatwick travel trade. We are interested in speaking to experienced publicans who are able to develop this business whilst still holding strong community ties.
Private Accommodation: Self-contained private accommodation comprising three bedrooms, a lounge and kitchen that could support a small family.
Indoor trading area
The Royal Oak is a traditional pub with a rustic touch, comprising two bars for both drinkers and diners. To the front of the property is the first bar area, featuring darts, wall-mounted televisions and gaming machines. The lounge boasts an inviting log burner and leads into a dining area with space for approximately 40 covers. A mix of fixed and loose seating is available throughout, whilst the exposed beams and décor offer a sense of charm. There is a good-sized commercial kitchen, fully capable of producing a traditional food menu and the pub is also known to hold the occasional live music event, including karaoke.
Outdoor trading area
To the rear of the property is a garden with picnic tables, raised decking and a separate, covered barbeque area. There is a paved area to the front of the property with space for addition outdoor seating and a car park with space for 15 vehicles sits at the side of the pub.
Regional Manager Comments
The Royal Oak is a community pub, with a previous strong traditional food offering that benefits from both Gatwick and Crawley catchments. The Royal Oak would suit a well-rounded operator who can maintain and develop all aspects of this business, catering to all members of the community, whilst also broadening its customer base to accommodate the passing travel trade.
Retail Partnership Tenancy
Live Music Beer Garden Private Accommodation Kitchen Parking Cask Ale Live Sports Restaurant/Food
Approx. Total Ingoings
£15,250
Annual Rent
£45,000
Potential Turnover: £513,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £45,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £15,250 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £9,000 (excl VAT)
To be discussed with the Regional Manager.
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