Ship Aldborough
Low Road, Aldborough, Boroughbridge, YO51 9ERAgreement Type:
Investment Tenancy
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Royal Oak Malton
Royal Oak Malton
26, Market Place, Malton, YO17 7LX Pub Code: 2302305101
Pub Code: 2302305101
Foundation TenancyEst Min Ingoing Costs: £11,422
Annual Rent: £23,067
The Royal Oak is a premium local located within the bustling market town of Malton.
The local population consists mainly of families and mature professionals. The pub itself has a prime located within the Market Square close to a variety of shops and other businesses.
The town is a well-known tourist destination with food markets taking place every second Saturday from March to November.
The right operator for the Royal Oak will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy 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…
Trading Area & Facilities
Internally, the main trading area offers a large single bar and has a mixture of fixed and loose seating. There’s always a cosy welcome at the Royal Oak! It is decorated in traditional style, with timber flooring and is in excellent condition throughout. The Royal Oak also benefits from a traditional snug area which features a fireplace and carpeted flooring. Darts and Sky Sports are available at the pub with live entertainment at weekends.
There is a galley-style kitchen with full electric cooking facilities to deliver a traditional pub menu.
Externally, the pub has a superb beer garden with outdoor furnishings including barrels and benches for customer use. There is also a pergola with heaters and festoon lighting. A small car park is also located at the back of the pub.
Private Accommodation
The private accommodation is of a good size set over two floors and consists of bedrooms, kitchen, bathroom, and lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Estimated Total Ingoing Costs
£28,037
Estimated Minimum Ingoing Costs
£11,422
Annual Rent
£23,067
Estimated Annual Turnover
£367,524
Deposit
£5,767
Estimated Fixtures & Fittings Value
£12,770
Estimated Stock Valuation
£6,000
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.
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.
Location:
26, Market Place, Malton, YO17 7LX
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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