under offer
under offer
tenancy
Spark Bridge, Ulverston LA12 8BS, UK
Approx. Total Ingoings
£8,000Annual Rent
£12,000Nestled in the small former bobbin mill village of Spark Bridge, within the Lake District National Park, the Royal Oak is a traditional country pub situated on the River Crake. The fabulous pub offers a warm welcome to the bar area with a real open fire, traditional cosy surroundings, real ales and quality home-cooked food. The pub makes a great base for exploring the Lake District, being close to Coniston and Coniston Water and with easy access to Grizedale, Hawkshead, Windermere, Bowness-on-Windermere and the local market town of Ulverston. There is also the added benefit of three cosy en suite letting rooms which provide an extra revenue to the already popular pub. We are looking for a great publican who has the skills to develop a quality menu and really embrace the community feel.
Private Accommodation: The private accommodation consists of three bedrooms and a lounge with a great view overlooking the river and woods.
Indoor trading area
The interior of the pub is well-presented throughout, with traditional décor complementing original features such as exposed beams and open fires, and soft furnishings lending a homely atmosphere. The layout is zoned, with dining tables laid out to the right of the main entrance, ideally placed between dual aspect windows that flood the space with natural light. The bar servery is to the left and in all, the pub can cater to around 50 covers when seated for dining. On the first floor is the large trade kitchen, which is well equipped to support a good home cooked menu. There are three beautifully presented letting rooms, including a family room for up for four guests, another which accommodates three guests and a further double room, furnished with a king size bed. All rooms are en suite and there is also a recently developed holiday cottage to the rear of the building.
Outdoor trading area
The pub boasts a fantastic beer garden, which is a lovely secluded spot, furnished with picnic tables. A car park is situated to the right of the pub, with space for 20 vehicles.
Regional Manager Comments
The Royal Oak is a great meeting place for local residents, as well as being well-reputed in the wider area for its locally sourced food. The letting rooms attract professionals from Barrow and the many visitors to the area. The pub presents a unique opportunity for someone to become actively involved in everyday life in this fabulous location and with a range of cask ales, a good food offer and letting accommodation, it has a number of revenue streams upon which to capitalise.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale
Approx. Total Ingoings
£8,000
Annual Rent
£12,000
Potential Turnover: £273,000 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: £12,000 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: £8,000 (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: £10,983 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
