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- Tasks: Transform a newly refurbished pub into a local hotspot with your creative ideas.
- Company: Join Star Pubs, a leader in the pub industry with a focus on innovation.
- Benefits: Investment tenancy, private accommodation, and a vibrant community atmosphere.
- Why this job: Make your mark in a prime London location and connect with a diverse audience.
- Qualifications: Experience in running a pub and a passion for engaging with younger customers.
- Other info: Exciting refurbishment plans and excellent growth potential await you.
The predicted salary is between 36000 - 60000 £ per year.
The Royal Oak offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
The pub benefits from being one of five pubs found in an area of around 18,000 adults. The local customer base is made up of young, midlife and mature adults. Located in the heart of Stockwell, Central London, this Zone 2 site is moments from Stockwell Tube station and close to Brixton Brewery, with limited direct pub competition in the immediate area.
The pub is available on our investment tenancy agreement. We’re investing in a full refurbishment to create a beautifully designed, premium London pub. With a great atmosphere, quality food and drink, and standout outdoor space, this site is ready to become the go-to destination for locals and commuters alike.
The right operator for the Royal Oak will have extensive experience running or operating a pub business. They will have an understanding of London's fast-paced market and a passion for connecting with a younger audience. Also, they’ll be experienced in executing a quality food offer as well as managing an exciting calendar of events.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub's next chapter.
Features- Investment Tenancy
- Refurbishment Planned
- Catering Kitchen
- Outdoor Trade
- Private Accommodation
The pub will be undergoing a refurbishment which will cover the internal and external areas of the pub. A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 72 internal covers
- 198 external covers
- Commercial kitchen
- HEINEKEN SmartDispense
- Large garden with festoon lighting and planting
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won’t be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
The private accommodation consists of 4 bedrooms, a kitchen and a bathroom.
Pub FinancialsEstimated Total Ingoing Costs £128,805
Estimated Minimum Ingoing Costs £128,805
Annual Rent £53,000
Estimated Annual Turnover £794,990
Deposit £13,250
Estimated Fixtures & Fittings Value £97,055
Estimated Stock Valuation £15,000
Estimated Working Capital £3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Run a Star Pub - Royal Oak (previously Tito\'s Peruvian Restaurant London) - London employer: Star Pubs Leased & Tenancy
Contact Detail:
Star Pubs Leased & Tenancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run a Star Pub - Royal Oak (previously Tito\'s Peruvian Restaurant London) - London
✨Tip Number 1
Get to know the local scene! Spend some time in the area around the Royal Oak, check out what other pubs are doing, and chat with locals. This will help us understand what makes a pub successful in that neighbourhood.
✨Tip Number 2
Show off your personality! When you meet potential partners or investors, let your passion for running a pub shine through. Share your ideas on how to create a vibrant atmosphere and attract a younger crowd.
✨Tip Number 3
Bring your A-game to networking events! Attend local business meet-ups or pub industry events to connect with other operators and suppliers. We can learn a lot from each other and maybe even find some exciting collaboration opportunities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing creative ideas on how you’d make the Royal Oak the go-to spot for locals and commuters alike.
We think you need these skills to ace Run a Star Pub - Royal Oak (previously Tito\'s Peruvian Restaurant London) - London
Some tips for your application 🫡
Show Your Passion: When you're writing your application, let your passion for the pub industry shine through! We want to see how excited you are about taking the Royal Oak to the next level. Share your ideas and experiences that connect with our vision.
Tailor Your Experience: Make sure to highlight your relevant experience in running or operating a pub. We’re looking for someone who understands London’s fast-paced market, so be specific about what you've done in similar environments. This will help us see how you can fit into our plans!
Be Creative: We love new ideas! In your application, don’t hesitate to suggest innovative ways to drive trade at the Royal Oak. Whether it’s unique events or special food offerings, show us how you can make this pub the go-to spot for locals and commuters alike.
Apply Through Our Website: To make sure your application gets the attention it deserves, apply directly through our website. It’s the best way for us to keep track of all applications and ensures you’re considered for this exciting opportunity!
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Know Your Audience
Before the interview, take some time to understand the local customer base. Familiarise yourself with the demographics of the area and think about how you can connect with young, midlife, and mature adults. This will show that you’re not just interested in running a pub, but that you genuinely care about the community.
✨Bring Fresh Ideas
The Royal Oak is looking for someone who can drive trade with innovative concepts. Prepare a few ideas on how you would enhance the pub's atmosphere, food offerings, or event calendar. This will demonstrate your proactive approach and passion for making the pub a go-to destination.
✨Showcase Your Experience
Highlight your previous experience in running or operating a pub business. Be ready to discuss specific challenges you've faced and how you overcame them. This will help build your credibility and show that you have the skills needed to succeed in this role.
✨Understand the Financials
Familiarise yourself with the financial aspects of running a pub, including estimated costs and turnover. Being able to discuss these figures confidently will show that you’re not only creative but also business-savvy, which is crucial for the success of the Royal Oak.
