Crown Inn, Neath
Wales
Neath Road, Briton Ferry, Neath SA11 2AX, UK
The Crown Inn is located in a busy suburb of Briton Ferry on the outskirts of Port Talbot just of the M4. The pub is surrounded by residential housing and a small number of independent retail outlets.
Pub Layout
The pub sits just off the main road and has a small car park to the front of the pub. There is a large garden to the rear of the pub which attracts a lot of customers during the summer months. There is one large lounge to the left and then further to the left is a smaller pool room which currently houses the pool table. To the right hand side as you enter and infront of the bar is another smaller lounge area. There is a balance of mixed and loose seating breaking up the large lounge into smaller cosier areas.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Gallery
Everything about the Pub
The pub trades as a drinks focused business and the bar has a good array of products however a new licensee may wish to upgrade the offering and explore a stronger range of products including premium gins and beers. Weekly entertainment consists of a quiz night and live music at the weekend which is popular with locals. The kitchen is currently not being used however there is potential to introduce a small food offer.
Private Accommodation
The private accommodation consist of three bedrooms, sitting room, bathroom and kitchen.
Annual Rent: £15,500
Security Deposit: £3,000
Working Capital: £2,000
Stock: £1,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Ingoing Cost: 6000
Annual Cost: 15500
The vision for this pub is to attract a licensee with a structured marketing plan to utilise the pub to its fullest. This would consist of utilising the kitchen for a food offering and making use of the great rear garden with events / functions throughout the summer months with music events, beer festivals and gin festivals etc.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
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MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.