If you are looking for pubs to let in Bridgwater, The Crown Inn is available !
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Pubs To Let In Bridgwater – The Crown Inn Is Available !
Pubs To Let In Bridgwater – The Crown Inn Is Available !
The Crown Inn is a corner pub on the main route from Bridgwater Railway Station to the centre of town. This is a highly residential area and the main road past the front of the pub is the primary route to the town centre. To the rear of the property is Eastover park which has a number of playing fields and is regularly used by a number of Football teams. Bridgwater is also the nearest town to Hinkley Point power station that is currently under construction and consequently there is a lot of investment happening in the area
Pub Layout
On entry from the front door you are greeted by a traditional but airy open plan room. The bar is front facing with a balance of wood and neutral colours. The right-hand side is home to a pool table and darts board, which doubles up as entertainment area for live music and karaoke. To the left is the bar snug area with a mixture of low seating and fixed seating. To the rear is a skittle alley adjoined by a covered outside area, leading to a small enclosed court yard.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
At present, the Crown trades as a drinks focused community pub with the emphasis being a great community local. There is scope to develop a simple food offer with the kitchen behind the bar which is fitted out following a recent investment. The Crown has numerous sports teams, including pool, darts and skittles. There is scope to develop further with an entertainment program and community events such as quizzes and live music.
Private Accommodation
The Private accommodation consists of a kitchen (downstairs), bathroom, two double bedrooms and a lounge.
Pubs To Let In Bridgwater – The Crown Inn Is Available !
Annual Rent: £12,000 (Starting rent of £5,200 p/a (net))
Security Deposit: £3,000 (to be built up to £5k during tenure)
Working Capital: £3,000
Stock: £2,500
Business Rates: £Nil*
F&F: Approx. £4,000 – Funding options may be available for the right licensee
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
*Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
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: 8500
Annual Cost: 12000
I am looking for an experienced or new to the trade licensee who has the ability and flair to run a traditional, well presented pub in the heart of the community. The right licensee will be able to major on sports teams, keep up with the drinks trends and offers, and create a simple food offer.
The right retail offer will consist of great lagers, ales, wines and spirits with promotions, events and sports teams.
