Crown Inn, Somercotes

The Crown, Somercotes presents an excellent opportunity for either an experienced licensee or someone new to the industry looking to take on a well-established community pub. As the true hub of the local area, the Crown thrives on its friendly, social atmosphere and loyal customer base. The ideal licensee will be hands-on and passionate about engaging with the community; maintaining the pub’s strong local identity through regular entertainment, live Sky and TNT Sports, and active darts and pool teams. With a spacious trading area and large enclosed beer garden, there is great potential to further develop the pub’s events calendar and build on its reputation as a welcoming venue for all. This is a fantastic opportunity for an enthusiastic licensee to take on a solid, community-driven business and continue its role as a cornerstone of Somercotes life.

Upon entering, guests are greeted by a warm and welcoming interior with the main bar directly ahead, creating an immediate focal point. To the left, a spacious seating area with a mix of tables and chairs provides a comfortable setting for socialising, complemented by a well-maintained pool table that adds to the lively atmosphere. Several TVs are positioned throughout, ensuring excellent views for those enjoying live Sky Sports. Continuing through the pub, past the bar on the left, visitors will find well presented ladies’ and gents’ facilities and direct access to a generous, enclosed beer garden, an ideal space for outdoor drinking and to hold community events during the warmer months.

The Crown is a lively, community-focused pub that sits at the heart of local life in Somercotes, offering a warm and friendly atmosphere alongside a vibrant social calendar. Trading predominantly as a wet-led venue (around 95% of turnover), the pub also offers a small selection of snacks and sandwiches to complement its drinks trade. The single, spacious trading room provides a flexible and welcoming environment, featuring live sport shown through TNT Sports and Sky, ensuring a steady flow of customers throughout the week. Entertainment is hosted fortnightly, with popular themed events such as Halloween, St Patrick’s Day, and Christmas parties drawing large local crowds. The pub is also home to pool teams, gaming machines, and proudly sponsors a local football team, reinforcing its strong community ties. With its consistent trade, sociable atmosphere, and loyal customer base, The Crown represents a well-established and highly regarded local pub with excellent potential for continued success.

Private Accommodation

The private accommodation consists of four bedrooms, a living room, kitchen and bathroom.

Annual Rent: £17,500

Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater

Working Capital: £5,000

Stock: £1,500

Fixtures and Fittings: To be confirmed upon valuation  – 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.

Business Rates: £Nil.  Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.

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

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 – A security deposit is required when applying for a pub with Admiral.  This will be the greater of £5,000 or three months’ headline rent. The deposit is held on your account and returned when you leave, subject to your final account balance and the condition of the property.  We will also carry out a credit check as part of your application, which may affect the deposit amount required.

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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 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 for by the licensee and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *