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Crown Colliery, Boldon Colliery

Boldon Colliery NE35 9HZ

Your investment

£10,500

Agreement Type

Tenancy
  • Zero business rates*
  • Strong established community local
  • Recently invested to a high standard.

The Crown Colliery is an end terrace building on Hedworth Lane, Boldon Colliery. Located in South Tyneside the area is one of three villages: East Boldon, West Boldon and Boldon Colliery. The area emerged in the late 1870’s around a coal pit with the additional housing built to house the workforce which then created Boldon Colliery.  Collectively they have a population of 13,271 and have excellent transport links via the metro link and with the A184 leading to the A1 motorway.

Pub Layout

The main area of the Crown is spacious and dominated by the central servery bar, visible to the customer upon entrance and from all areas of the pub. There is a mixture of fixed benches alongside a mixture of loose seating and bar stools creating the perfect social space. Popular for televised and team sports there is a designated area with pool table, gaming machines and darts board which is regularly utilised by the local teams and TV’s on walls around the site. The site does have a separate function room on the first floor which could be used to encourage private events or local charities/meetings to hold their events there. Externally there is a small yard to the rear of the pub with a small smoking solution. The crown was recently refurbished in 2022 to a very high standard and this is visible by the warmth and exceptional standards throughout.

The Crown is a wet-led pub with an established clientele of local regulars where everyone is always welcome. The Crown prides itself on community spirit with the retail offer focused on pub sports with HD TV screens showing as much live sport as possible on including FA Premier League, rugby & internationals. Pub sports teams such as pool and darts are regular favourites with its own designated area to play alongside quiz nights and a busy calendar full of events. There is also scope to introduce a back bar food offering such as pizza/pies/sandwiches to increase footfall.

Private Accommodation

The private accommodation is very spacious and comprises 3 bedrooms, lounge, bathroom and kitchen, all in good condition.

Annual Rent: £TBC

Security Deposit: £5,000

Working Capital: £2,500

Stock: £3,000

F&F: TBC – Funding options may be 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.

 

Admiral Taverns are seeking an experienced, community focussed licensee, who will be able to connect with the locals and make the pub the hub of the local community. Ideally the new licensee should have knowledge of the area, have the ability to unlock the untapped growth potential for wet sales and be creative and passionate about local events. A strong marketing plan incorporating televised and pub sports, quizzes and local charity events, alongside building on the established trade will ensure the Crown will continue to be the pride of the local community.

 

 

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.  Please note, this only applies to pubs marked with an Asterix *


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