The business partner for the Royal Oak would ideally be someone with the ability to become a key member of the community and create a welcoming environment for locals and visitors. They must be able to manage a site with a great wet led trade, be able to continue developing the food offer and operate a function room for local and private activities. They must have catering skills and a passion to sell our award-winning real ales.
The Royal Oak sits in an excellent location in Pewsey. This site has a strong wet trade and the fully equipped kitchen, and 82 internal covers provides great opportunity for the food offer to be developed. Inside there are 2 fireplaces at either end of the pub, providing a warm and characteristic atmosphere. The function room benefits from a bar and skittle alley which can be utilised for weddings, wakes, local group meetings and ideal for the skittle league. It has 50 covers and garden access. The garden is a sun trap and great for outdoor drinking and dining, in recent years a wooden cover has been built over part of the garden. Two letting rooms provide additional revenue to the business.
- Deposit £8,000
- Fixtures & Fittings TBC
- Stock (estimated to be) £6,000
- Working capital (minimum) £5,000
- Total (circa) without fixtures and fittings £19,000
The bar is centrally located surrounded by seating for 60. To the rear of the pub there is a snug area with a one of the pubs three fireplaces and a further 22 covers. On the first floor there is a multi-functional function room with a bar, seating for 50 or 100 standing, it has a skittle alley and garden access, excellent for large groups or community functions. The ladies and gents are located on the ground floor. The cellar and fully equipped trade kitchen are also easily accessed on the ground floor. The two twin letting rooms with a shared bathroom and 2 WCs, are a beneficial addition to the pub.
The garden is located to the rear of the building. It can be accessed through the main pub, the function room or via the car park. It has bench seating with 36 covers, a wooden shelter to provide cover for a part of the seating area. The outbuildings provide great storage space, these consist of a double garage, log store, chemical store, and freezer room. The car park provides adequate space for patrons.
The private accommodation is spaced over 2 floors with a lounge, kitchenette, 3 bedrooms and a shower room. There is also space for an office area.
For more advice on taking a pub tenancy and benchmarking costs of similar pubs, go to:
Code of Practice Tenants: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Tenants.pdf
Code of Practice Lessees: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Lessees.pdf