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Crown Inn, Somercotes

Somercotes, DE55 1RE

Your investment

£10,500

Agreement Type

Tenancy

The Crown Inn is located in the suburban area of Somercotes, adjacent to the town of Alfreton and approximately 4 miles from junction 28 of the M1 and 8 miles to Derby. The Crown Inn is a detached building sited centrally in a well populated area and close by the local shops, large business, recreational activities and new build houses down sleetmore lane. The local area is rich with the community spirit as part of the historic industrial heritage of North Derbyshire.

The Crown Inn is located in the suburban area of Somercotes, adjacent to the town of Alfreton and approximately 4 miles from junction 28 of the M1 and 8 miles to Derby. The Crown Inn is a detached building sited centrally in a well populated area and close by the local shops, large business, recreational activities and new build houses down sleetmore lane. The local area is rich with the community spirit as part of the historic industrial heritage of North Derbyshire.

Pub Layout

The premises is a detached building sat on its own plot. The interior is a large open plan layout with a well laid out servery and a mix of fixed & loose furniture throughout. In order to cater for all parts of the community and customer needs, the area adjacent the bar is set out as a comfortable lounge, with the pub games area to the far end of the large room. Toilets are located in a corridor off the trading area. There is a separate small food preparation off the trading room which offers scope to develop a small snack offer. To the exterior is a large grassed beer garden, an enclosed children’s play area and a raised flagged patio with a separate sheltered smoking area.

The pub provides for the local community, offers traditional pub games, entertainment and a base for local societies.

The Crown is a wet led pub with an emphasis on the community and supports the locals utilizing televised sport, pub team games and some entertainment. Currently trading as a wet only venue, it has an excellent range of keg & bottled beers, lagers, ciders and wines, spirits & minerals. There are two hand pulls on the bar so opportunity to develop a cask ale offer with the opportunity to expand on this market. There is a small food preparation area which could be developed to produce a simple snack food offer as an additional income stream by tapping into Admirals 3rd party food suppliers.

Private Accommodation

Good sized, first floor accommodation featuring three large bedrooms, office (could be a 4th bedroom ) living room, kitchen and bathroom.

The domestics are in good order.

Annual Rent: £13,500

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,500

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: £250 plus VAT

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

Ideally suited for publicans who have experience of operating wet community licensed premises. Ideally, some knowledge of pubs in similar demographics and who have the skills and drive to develop the current trade. Strong in-house & social media marketing skills would be an advantage to driving the local trade and developing the offer.

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 – £30.10 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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