Old Royal Oak Knaresborough
Summary
A good traditional pub located in the market square in the centre of Knaresborough. Decorated externally in the past three years, the pub enjoys a prime location and benefits from the weekly markets just outside its doors.
Description
A good traditional pub located in the market square in the centre of Knaresborough. Decorated externally in the past three years, the pub enjoys a prime location and benefits from the weekly markets just outside its doors. The pub has a good reputation for food and entertainment and forms part of the more discering circuit, particularly at weekends. There are 6 high quality letting rooms in a separate former stable block to the rear, all of which have en-suite facilities. Car parking is limited, but its location close to the bus station and adjacent to a pay and display car park make accessibility very easy. Cask ales are a strong driver of the wet business, with the opportunity to further grow this market as well as enjoying an upturn in the premium draught and packaged sector.The pub is a single bar operation with two distinct internal trading areas. The bar area has traditional décor with beams and timber cladding that projects an ‘olde worlde’ feel and gives the atmosphere a cosy and friendly impression. There are bar stools and perimeter seating with classic red upholstery that serve the bar area. The second trading space is a dining area that provides 30 covers with simple wooden furniture. This is served by a ground floor commercial kitchen that has all the appropriate appliances to provide a decent food offering. There is space for live music which is popular including regular Karaoke nights. The six letting rooms are in a detached hotel block to the rear of the pub where it has separate access from the rear car park. These rooms are all to a high standard and en-suite including a ground floor room which has a wet room for disabled visitors. The Old Royal Oak has a well presented, enclosed rear terrace with loose and fixed seating. This provides additional external covers in the warmer months for customers who wish to enjoy their meal outside. This is a pleasant area with an attractive wooden shelter which is both lit and heated and provides a good smoking solution. A small car park extends this space and accommodates six vehicles, this is predominantly used to service the hotel rooms.
Key Features
• Centrally located in the beautiful village of Knaresborough in North YorkshireSix letting rooms all en-suiteDining area with 30 coversTrade kitchen capable of producing a traditional pub menuEnclosed rear terrace for outdoor dining
Business & Financial Information
• Estimated ingoings (upfront): £10,045
• Full deposit: £9,250
• Agreement fee: £795
• Guide rent (weekly): £712
• Guide rent (annual): £37,000
• Forecast turnover (weekly): £470,088
• Forecast turnover (annual): £470,088
Ideal Operator
This pub is an attractive proposition for any aspiring publican who is looking to operate a diverse business with many appealing aspects and is ideal for a publican who has experience of running and growing a food business and who is looking to broaden their operating skills.
Private Accommodation
There are three bedrooms, a lounge and a kitchen, all in good condition and ready to move in to.
Regional Manager's Thoughts
This pub is an attractive proposition for any aspiring publican who is looking to operate a diverse business with many appealing aspects. The features include a commercial kitchen for a food offer, six letting rooms, popular entertainment including karaoke and a good range of cask ales and premium products. This pub is ideal for a publican who has experience of running and growing a food business and who is looking to broaden their operating skills.
Surrounding Area
Knaresborough is an affluent and historic market town in the borough of Harrogate, North Yorkshire. Located on the River Nidd it has close links to York and Leeds which are only 30 and 40 minutes away by car respectively. To the west lies Skipton connecting the town to the Yorkshire Dales, Lancashire and the Lake District. The ease of getting to these large cities means it is predominantly a commuter town and the beautiful surrounding countryside means it is popular with tourists all year round. Attractions such as the beautiful River Nidd and Old Mother Shipton's Cave lie on the outskirts of the town and add to the tourism which means this pub's letting rooms are well patronised throughout the year. Knaresborough has a regular market on Wednesdays which attracts custom from the surrounding villages and the town is home to the highly regarded Knaresborough Grammar School. The Old Royal Oak itself is located in the centre of the town, in the famous ‘Market Square’ which puts it in a prime location surrounded by lots of little shops and galleries, there is plenty of passing trade.
Upfront cost
£10,045
Cost type:
Upfront
Key facts
Upfront cost
£10,045
Turnover (annual)
£470,088
Rent
£37,000 (annual)
Location
7 Market Place, Knaresborough, North Yorkshire HG5 8AL
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
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