Gallery View
Key Highlights
- Popular town centre community pub
- Lounge and public bar in excellent condition
- Strong reputation locally for regular events calendar
- Opportunity to develop both food and drink menus
- Small car park to rear patio area
Pub Overview
The pub trades in two separate bar areas, comprised of a bar/games room and a lounge complimented by a beautiful fireplace, that can comfortably accommodate 32 covers. It is traditionally a wet-led business and there is an opportunity for further development via the continuing of its real ale portfolio, as with the simple selection of quality homemade food currently on offer.
The Rose and Crown has a well planned events calendar ranging from talented musicians, games, street food vendors and quiz nights, providing entertainment for all consumer types. The pub has a lovely garden where children and four legged friends are always welcome.
Suitable Applicants
The Rose and Crown would suit a hands-on operator committed to providing great hospitality and motivated to engage with the local community. The ideal applicant will have the experience to build upon the pub’s already strong reputation for cask ale, events activity and along with catering experience to develop the food offer.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£25,800 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£10,000 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£500 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£400 |
|
Working Capital Minimum working capital required |
£7,500 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£5,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£1,667 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£20,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). Electrical Test (tenancies only) |
£3,832 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£3,284 |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,302 |
|
Rent In the region of (payable monthly in advance) |
£20,000 |
Pub Details
Could this be the pub for you?
Please ring 01234-244453 to speak with our recruitment team.
