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New Crown Inn, Manchester

Newton Heath, M40 2JN

Your investment

£3,000

Agreement Type

Tenancy
  • Starting rent of £100 per week net.
  • Low Security Deposit of £1,000.
  • Well known for live entertainment.

 

The New Crown Inn is located on Church Street, a busy high street in Newton Heath, surrounded by plenty of other businesses such as pubs, takeaways shops and beauty salons. Newton Heath is conveniently located 2.8 miles north-east of Manchester City centre and has a population of 9,883 and has easy accessible transport links. Newton Heath has strong links with Manchester United F.C, having been formed from the Newton Heath Lancashire and Yorkshire Railway Football Club.

Pub Layout

The main entrance is directly off the high street into the open plan trade space. There is one bar servery which is located to the left hand side of the pub, here you will also find access to the beer garden and to the toilets. To the right-hand side of the pub is the entertainment area with DJ box and dance floor, a small step-up leads to a sports area which houses the pool table.  Externally there is a courtyard garden which is partially covered.

The new crown is a wet led community pub that should have on a focus on value drinks with well marketed drinks promotions and offers. The pub should be the hub of the community catering for a wide range of clientele who are accommodated through a strong entertainment schedule.

Private Accommodation

The first-floor accommodation comprises of: Three bedrooms, lounge, kitchen and bathroom.

Annual Rent: TBC *starting rent available to be discussed with BDM.

Security Deposit: £,1,000

Working Capital: £1,000

Stock: £1,000

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

Training: £325 plus VAT

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

Admiral taverns are looking for an experienced licensee who has good knowledge of the area and can imbed themselves in the community. They will create a retail offer that attracts a range of different demographics. A great product range, excellent standards and strong marketing will be key.

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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