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Beer Garden
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External Drinking Area
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Car Park
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Coastal
Property details
The Royal Oak is in the town of North Bersted, within Bognor Regis, about a mile from the sea front. The pub is surrounded by roads. The pub benefits from being one of two pubs found in an area of around 5,379 adults. The customer base is made up of mostly mid-life to older customers of medium affluence.
Trading Area & Facilities:
- Main trading area with bar
- 40 internal covers
- Small catering kitchen
- HEINEKEN SmartDispense
- Small courtyard garden with four benches
- Car park with 30 spaces
The private accommodation consists of two bedrooms and a lounge.
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Catering Kitchen
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Team Games
Trading style
The Royal Oak is a well-known & loved community pub in Bognor Regis.
The potential of this pub lies in maintaining its strong wet let trade and community spirit. There is room to develop the food offer. The site is well-connected to local Dart and rugby teams and is involved in charity events for the community.
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a community-led pub business. They will have a clear vision for their food & drinks menu and be actively involved in community events, creating a memorable experience for their customers and the community as a whole.
Key financials
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Reference Number:
8M9JTW / 2302037101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£11,600.00
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Annual Rent:
£37,202.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Annual:
Estimated Annual Turnover £407,287
Annual Rent £37,202
Entry Costs:
Deposit** Deposit build up from 1 month rent £9,301**
Estimated Fixtures & Fittings Value** Rented fixtures & fittings deal available £14,000**
Stock Valuation £5,000
Working Capital Required £3,500
Indicative entry costs range from** £11,600 - £31,801
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.