FindMyPub.com
Function Room
FindMyPub.com
Car Park
FindMyPub.com
Restaurant/Dining
FindMyPub.com
Coastal
Property details
Ashley Cross is a vibrant and contemporary area of Poole which has a village feel due to its strong community and mixture of businesses set around Ashley Cross Green. Residents and visitors are attracted to an extensive mix of independent bars, shops, cafés, and restaurants which largely appeal to a more discerning 30+ market, in comparison to the generally younger guest profile of Poole and Bournemouth town centres.
As well as being a destination in itself, Ashley Cross has a large local, residential population attracted by high-quality housing, schools, and the close proximity of Parkstone train station, with direct links to London. This is one of the most picturesque areas of Poole and is still only minutes away from the town centre and the beautiful Poole beaches.
Access is through the main entrance on Parr St which leads you into the centre of the large bar area with wooden floors, real fires, and seating primarily within large booths. To the left is the dining area with 55 covers in a carpeted area; to the right a small dining area leading out to the covered terrace with a mix of high booths and patio tables. The decor throughout is quirky with an Asian influence and green planting. The kitchen is conveniently adjacent to the main dining area with the cellar and toilets also on the ground floor.
Leading from the bar area is the main access to the two floors of guest accommodation. The first floor has 11 large en-suite bedrooms (all doubles or twin) with a further 3 bedrooms on the second floor. The rooms are all spacious with high ceilings but will require investment to maximise the opportunity.
The third income stream is Ox 2, a standalone function room and bar with a capacity of 80 to the rear of the premise and adjacent to the small car park. This is ideal for private events with its own facilities and space over two floors.
The private accommodation consists of a self-contained bedsit to the rear of the premise consisting of a lounge, bedroom, shower, and WC, with a separate kitchen area.
FindMyPub.com
Catering Kitchen
Trading style
The Ox represents the rare opportunity of running a large-scale business in the most desirable area of Poole.
Businesses of this quality are rare. To make the most of this fantastic opportunity, the landlords are looking for an entrepreneur who can generate a great bar trade and create a food offer to stand out against the competition. The Ox will require well-funded applicants as the F&F investment will be significant.
Potential Business Partners will need to be passionate about offering exceptional quality and hospitality and experienced in running guest accommodation and events, given the 14 guest bedrooms and private function venue. This business has huge trading potential in one of the most desirable areas of Poole and is a unique opportunity for the right operator.
Key financials
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Reference Number:
MWMA7Q /
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£100,000.00
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Annual Rent:
TBC
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.
Rent: 9.5% of Turnover with a base of £85k
Initial Investment: £100,000
Fair Maintainable Trade* (FMT) Turnover: £1.075 million per annum
Deposit: £7,500
Training Fee: £1,200 incl. VAT
Digital Assets Fee: £200 incl. VAT
Working Capital: £15,000
Fixtures & Fittings: Existing £25k and estimate a further £100k required. (Inventory is an estimated net of VAT. Loan facilities are available for the purchase of fixtures and fittings).
Estimated Wet/Dry/Accommodation Split: 40%/33%/27%
Business Rates: Rateable Value £54,600