Gallery View
Key Highlights
- Well equipped quirky pub ready to trade with patio and garden area
- Neighbourhood location in the heart of Oxford between Iffley & Cowley Road
- 80 covers in total with 35 designated dining covers and benches to front aspect
- Conditional Purchase Agreement (CPA) considered to help the purchase fixtures & fittings
- Feature 'pizza oven' and servery counter adding theatre to trading area
- ££ Y1 & Y2 reduced rent
Pub Overview
The pub has until recently operated under a tenancy agreement and features a freshly made artisan pizza offer which is all served from a theatre style pizza oven and food counter that sits within the trading area. The pub is offered with this 'in situ', however there is also scope for other food offers to be introduced. A Sunday lunch offer has also worked well at this site. There is a cosy courtyard garden for extra outside seating and picnic benches at the front for outside drinks in the summer evenings.
Suitable Applicants
The Oxford Blue requires a switched-on community operator with a passion for great beer, the drive to develop the pub’s food offer and a desire to embed themselves at the heart of suburban Oxford life. A focus on a regular events programme will also be pivotal in maximising the Oxford Blue’s appeal.
There is a massive opportunity here to build up the local trade. In the area are lots of students and professionals alike, in addition to other tourists and visitors to the area to show off this unusual style of pub and reep addition income.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£21,833 |
Working Capital Minimum working capital required |
£8,000 |
Stock & Glassware In the region of to cover the value of opening stock |
£4,000 |
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
Advanced Rent In the region of (usually 1 month) |
£2,083 |
Security Deposit Payable in advance to Wells to cover charges incurred by your business (If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors) |
£6,500 |
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£0 |
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£450 |
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£23,660 |
Ongoing Costs
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). Electrical Test (tenancies only) |
£4,300 |
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,050 |
Stocktaking Services Six professional stocktakes per annum recommended |
£1,560 |
Rent In the region of (payable monthly in advance) |
£29,500 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.