FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
FindMyPub.com
Letting Rooms
FindMyPub.com
Restaurant/Dining
Property details
Amazing turn-key operation, ready to trade the minute you step through the door!
This is a rare and exciting opportunity for an experienced dynamic pub operator or entrepreneur to work in partnership with pub owners to reposition a superbly located, high-profile pub within the market. The owning pub co is looking to invest considerably into the pub in early 2021 to develop and deliver a fantastic buzzing social space working with a visionary operator who possesses the vision, and skills to develop a compelling operational plan that gives reasons to visit over and above the traditional, and expected, fantastic, friendly, engaging service and the offer of a superb extensive range of continental Lagers, English Ciders, British Ales and Superior spirits. The proposition and operating plan for this pub must consist of compelling reasons to visit but remain very much pub focussed at its heart and should include a unique and stunning food offer along with an engaging weeknight and weekend activity proposal that embraces the local high quality local live music and arts scene.
The repositioning of the business within the marketplace could incorporate a name change to reconnect with its traditional roots. The pub is situated a short walk from Oxford’s bustling city centre on a busy main road occupied predominantly by boutique B&B’s and a 250-room hotel, alongside a strong, upwardly mobile community and student population.
The pub benefits from a large open-plan trading area that accommodates 80+ seats serviced by a single easily operated bar servery. There is a very well-appointed trade kitchen which is more than capable of delivering most styles of a menu to the level of covers in the trading areas. There is a large ground-floor cellar.
On the first floor, there are four letting rooms, two en-suite letting rooms and two shared facility letting rooms. Rooms in Oxford are consistently in demand meaning potential excellent occupancy levels and room rates generating a very strong additional income stream.
To the rear of the building, there is a secluded beautiful patio/beer garden that can seat an additional 40+. Both of the trading areas are flexible and can be adapted to suit the trading requirements of the day or week thus lending itself very well to working as a Chameleon site.
The private accommodation consists of secure office space and a self-contained flat with two large rooms, a kitchen, and two bathrooms. There is the potential for four letting rooms.
FindMyPub.com
Catering Kitchen
FindMyPub.com
Team Games
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Live Sports
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Partial Tie
Trading style
The Berkshire is a food-led establishment currently operating a 70/30 split between food and wet sales. The pub benefits from loyal, affluent regulars and a constant rotation of tourists and maintains a position as one of the top premium pubs in the city. The pub celebrates beer and ale from local breweries as well as award-winning beers from across the UK.
The pub should continue to develop its reputation over for superb fresh food and high-end alcohol, which has enabled the business model to generate excellent GPs across the board. Currently, the pub closes Sunday evening and Mondays, so there is plenty of room to expand on the current operating hours. Breakfast is popular, as well as an evolving lunch menu. The pub benefits from being fully booked over weekends and for Sunday lunch. The pub has a lot of success with guests using the pub for weddings and graduations all year round with events generating in excess of £2,500. There are two en-suite letting rooms on the upper floor; these are ideal to be converted into boutique rooms, there are another two large rooms that could be remodelled to let.
Key financials
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Reference Number:
IU3WDL / P03841
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£12,000.00
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Annual Rent:
£26,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £26000
Security Deposit: £5,000
Working Capital: £3,500
Stock: £3,500
F&F: Upon valuation – funding options may be available for the right licensee.