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Crown, Colkirk

Fakenham, NR21 7AA

Your investment

£7,000

Agreement Type

Tenancy

The Crown is an 18th Century pub located in the picturesque village Colkirk, 2 miles from Fakenham with a population of 8,000. The pub is naturally divided into cosy areas by the two fireplaces. The bar area is perfect for enjoying a drink in front of the open fire whilst playing pool or darts.

The Crown is an 18th Century pub located in the picturesque village Colkirk, 2 miles from Fakenham with a population of 8,000.

Pub Layout

The pub is naturally divided into cosy areas by the two fireplaces. The bar area is perfect for enjoying a drink in front of the open fire whilst playing pool or darts. The middle section of the pub can be used as an overspill for either the bar or restaurant to provide extra capacity. To the rear is a beautiful restaurant seating 22 comfortably with pitched roof and patio doors leading to an external dining area. The kitchen is in excellent order providing the facilities to accommodate a strong food offer. The Car Park has parking for 30 vehicles and boats a further large external retail area ideal for events.

The pub is well supported by the community and the only pub within Colkirk. The pub is well supported by the local pool and dart teams as well as regular events such as quiz nights.

Private Accommodation

The private accommodation benefits from four bedrooms, a lounge, bathroom and laundry room.

Annual Rent: £15,600

Security Deposit: £5,000

Working Capital: £1,000

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.

A strong food offer is a must to attract custom from surrounding villages and towns.  The ideal applicant(s) must be able to operate and understand a rural community pub with good knowledge of cask management and the ability to produce a consistent and good menu.

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)

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

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

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