Are you looking for pub tenancy in Hampshire ? Why not run ‘The Crown Highfield’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Crown Highfield is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pub Tenancy In Hampshire – The Crown Highfield Is Now Available !
The Crown can be described as a traditional country pub in the middle of Southampton. It is situated near to Southampton University and is enjoyed by students, lecturers and local residents. It sits in the affluent suburb of Highfield, just a short walk to Portswood High Street. The pub has a cosy courtyard ideal for outdoor drinking, there is a car park for 15 cars and a U-shaped trading area with two feature fireplaces and plenty of dining covers. The pub serves real ale and good quality pub food in addition to a large range of draught beer and cider. Stonegate Pub Partners are now looking for a publican with a food background who can maintain and develop the current food offer, making the Crown the go to eatery in the area. The publican will also need marketing skills to advertise key events via social platforms to drive trade and maximize footfall.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Tenancy In Hampshire – The Crown Highfield Is Now Available !
Indoor trading area at The Crown Highfield
The Crown is a one bar operation with traditional décor and open brickwork. It has a cosy ambience with two feature fireplaces and classic fixtures and fittings. There is a total of 80 covers inside with plenty of space for customers to drink and dine. There is a fully equipped trade kitchen capable of turning over a high level of covers.
Outdoor trading area
Outside there is a quaint and fully covered courtyard next to the car park, a popular spot during the warmer months. It has up to 20 covers and the roof is supported by wooden beams which complement the interior. The car park has space for 15 vehicles.
Your living accommodation at The Crown Highfield
The private accommodation is spacious and provides two bedrooms, a lounge and kitchen. The space could do would some upgrading and redecoration to the publicans taste.
Surrounding area
The Crown is situated in the inner suburbs of Southampton, very close to the picturesque Southampton Common. The city university is a 10-minute walk from the pub and many of the students and lecturers live nearby which brings a varied and frequent trade to the pub. There are good transport links with St Denys train station eight minutes’ drive away and Portswood High Street a 15-minute walk, where other managed businesses can be found.
Local competition
- Highfield,Highfield Lane, Southampton, SO17 1QD (0.1 mi)
- Stiles,University Road, Southampton, SO17 1TS (0.4 mi)
- Sunrise Of Bassett,Burgess Road, Southampton, SO16 7AG (0.5 mi)
- Trago Lounge,Portswood Road, Southampton, SO17 2LB (0.6 mi)
- Mitre,Portswood Road, Southampton, SO17 2LB (0.6 mi)
Pub Tenancy In Hampshire – The Crown Highfield Is Now Available !
Potential Turnover
£691,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £55,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND F
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£20,750.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £55,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£12,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£29,000
Pub Tenancy In Hampshire – The Crown Highfield Is Now Available !
This is a great opportunity to run a traditional pub in a fantastic location, with good old-fashioned values in a vibrant and busy area. Locals and students alike comprise the key customer base. The ideal publican would look to maintain and enhance the food offer to allow the pub to continue to be a favourite in this area. The pub would benefit from having a stronger social media presence to drive trade and footfall by advertising key events such as quiz nights.
Liz, Regional Manager
