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Royal Oak In Bangor To Let

Gwynedd, UK
Asking Price:
£3,000
Sales Revenue:
£217,164
Cash Flow:
Available on request

Could you run this pub in Bangor?

The Royal Oak is a wet-led community pub located at the heart of Llanllechid, a small hamlet on the outskirts of Bethesda in Bangor. It has a traditional look and feel, with an L shaped wooden paneled bar and unique pub accents. The Royal Oak is well-loved for its sports offer, with a plethora of screens dotted around the pub showing all major sporting events through BT & Sky Sports. This is a true hub of the community, regularly hosting live entertainment including poker nights and quizzes and is always full of locals enjoying a quality pint together.

Refurbishment

We have exciting investment plans to makeover the outside of the pub, with full decoration and new signage. As well as this the living accommodation will be refurbished.

About the local area

Llanllechid is a picturesque village in Bangor. It has beautiful scenery and is famous for its stunning walking trails. It has a small community feel and is just a stones throw from the city of Bangor, providing the perfect balance between local and city life. Bangor has beautiful cathedral, castle and National Nature Reserve that brings walkers from far and wide as well as a high street lined with locally owned shops and great places to eat and drink.

Ideal operator

This is the perfect pub opportunity for an experienced Publican or an enthusiastic pub lover looking to take on their first venture. You will thrive when operating at the heart of the community and form long lasting local relationships in order to maintain the Royal Oaks reputation as hub of the community.

Accommodation

This fantastic pub opportunity comes with domestic accommodation that consists of two bedrooms, a private kitchen and lounge.

About the Agreement

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.
You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Operations Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Operations Manager.

Property Information

Property:

Tenancy

Tenancy Rent:

£6,500 per annum

Living Accommodation:

Accommodation

This fantastic pub opportunity comes with domestic accommodation that consists of two bedrooms, a private kitchen and lounge.

Location:

Royal Oak, Ffordd Llanllechid, Llanllechid, Bangor, LL57 3EE

Premises Details:

We have exciting investment plans to makeover the outside of the pub, with full decoration and new signage. As well as this the living accommodation will be refurbished.

Other Information

Furniture / Fixtures value:
£201
Related Documents:
Administration / receivership:
This business is in administration / receivership

Contact Punch Pubs & Co.

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