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Crown Inn, Coleford

Coleford, GL16 7HX

Your investment

£9,000

Agreement Type

Tenancy
  • Village location with opportunity to increase food
  • Zero Business Rates*
  • Spacious family beer garden

The Crown Inn is a traditional detached pub situated in a prominent location on a busy road, just outside Coleford. It is close to local amenities, set in picturesque countryside in the heart of the Forest of Dean. The pub is situated approximately four miles east of the Welsh border and close to the Wye Valley, a popular walking, cycling and canoeing area. This pub represents an ideal opportunity to acquire a well-supported rural public house, in a delightful location. Sitting in its own grounds but surrounded by local housing, it boasts many original features including two fireplaces with wood burning stoves.

Pub Layout

The main trading area of the pub has a single bar that serves both the bar and the lounge. The Crown Inn has a warm welcoming feel that you would expect from a country inn of this kind. The lounge area has seating for around 40 – 60 covers and with a good food offering should be the place to be in Coleford. The ground floor catering kitchen could be developed to provide a food offer suitable for the pub and customer requirements. Outside there is a prominent beer garden situated at the front of the pub and to the rear is a large car park for visitors.

The Crown Inn has a good mix of customers benefitting from local trade, and there is a large caravan park within walking distance. There is a darts team and they also have the support of a local football team which boosts midweek trade. The pub currently trades well with a basic food offering.

 

Private Accommodation

The private accommodation is of a good size and provides ample family accommodation. The first floor consists of three double bedrooms, lounge/office, kitchen, bathroom and two additional small storage rooms which are all of good standard.

 

Annual Rent: £18,500

Security Deposit: £5,000

Working Capital: £3,000

Stock: £1,000

Business Rates: Nil*

F&F: TBC – Funding options may be available for the right licensee

Training: £325 plus VAT

* 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.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

I am looking for a licensee to drive this business and to maximise the opportunities this great pub has to offer. You will need vision to unlock the food offering which will be fully supported by Admiral. The ideal applicant will need to be full of enthusiasm and drive with a catering background and also having a good knowledge of the pub and area will be beneficial.

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.


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