“Businesses of this quality are rare. To make the most of this fantastic opportunity, I’m 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.”
Ian Pearson
Business Development Partner, South West Region
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. Local 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.
The Ox is a multi-faceted business with huge opportunity. It is an attractive building prominently situated on the main A35 which runs through Ashley Cross, and is adjacent to several bars and restaurants. 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.
To maximise income, on-site accommodation above the pub has been converted to guest letting rooms.
However, there is a self-contained bedsit to the rear of the premise consisting of a lounge, bedroom, shower and WC, with a separate kitchen area.
The business offers 14 fabulous en-suite rooms, undoubtedly making this a superb business opportunity.
The Ox is in a competitive market alongside multiple quality operators. Ashley Cross predominantly attracts a 30+ guest base who either live in this desirable part of Poole or are attracted from further afield.
There are no trade volumes available to publish as the pub has previously been run on a lease and sales figures cannot be verified.
However, there is a strong level of business throughout the week which obviously peaks at weekends. The guest rooms offer a great trade opportunity all year round, as there is a lack of provision in the area for quality letting accommodation.
British Institute of Innkeeping: https://www.bii.org/
British Beer and Pub Association: https://beerandpub.com/
Pre-Entry Awareness Training (PEAT): https://www.bii.org/BII/Industry-Advice/PEAT.aspx
Personal Licence: https://www.gov.uk/government/publications/personal-licence-application–2
More Pubs to Rent: https://www.hall-woodhousepartnerships.co.uk/pubs-for-rent
FMT is the level of turnover and profit that we believe that the business is capable of delivering if being operated competently. The FMT is usually calculated by the Business Development Partner for the pub to rent, who will produce a shadow profit and loss account for the business which supports the rent. A copy of the shadow profit and loss account will be provided during the recruitment process.
Please see our Code of Practice for more information on FMT and rent. The Fair Maintainable Trade is not a guarantee of levels of trade or profit that will be made from the business – we strongly recommend you seek appropriate independent legal and business advice as part of your Business Plan.
The Full Investment Breakdown for each public house is higher than the minimum investment we will accept. This is because potential Business Partners with the minimum investment available can still be accepted as we are able to offer them financial support for the rest of the monies.
The working capital incorporates the purchase of stock, glassware, loose catering effects and valuer fees – please note the number quoted on this website are based on estimates. The exact costs will be determined on the day you take on the public house by independent valuers and stock takers. Please see our Code of Practice for more information about investment.
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