Back to Search results

Rose & Crown, South Shields

South Shields, NE34 7RQ

Your investment

£12,500

Agreement Type

Tenancy
  • Strong, established community local
  • Superb function room
  • Scope to develop a food offer

The Rose & Crown is located in South Shields, a coastal town in Tyne & Wear, on the south bank of the mouth of the River Tyne. This community local is located on the corner of the main road not far from the local area of shops. Surrounded by an abundance of chimney pots, with good visability on the busy main road to the coast, this site benefits from good footfall and passing trade.

Pub Layout

Upon entrance from the car park is the main bar area. The bar is a prominent fixture central to the room offering a premium array of products. To the left of the bar there is a small raised area adorned with a mixed and loose seating and two darts board. The main bar area is a mixture of high and low tables both with loose seating, walls adorned with TV’s for televised sports and a pool table creating the social hub of the pub. To the right of the bar there is a separate function room with small bar and dance floor area. With a selection of fixed and loose seating and a small snug area, this can host events and meetings for approximately 50/60 people. There is a small paved area in front of the pub with fixed wooden benches used for a small outside drinking area. The pub is surrounded by a substantial car park with parking for approximately 25/30 cars.

 

The Rose & Crown is currently operating as a wet led community local pub with a focus on 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.

There is a kitchen area which can be used to introduce a food offering which could enhance buffets etc for meetings/events and small menu using the function room as a lounge /dining area too.

 

Private Accommodation

The private accommodation is a good size for a family. There is a separate entrance leading to a living room, three bedrooms, kitchen/diner and a bathroom with separate shower and bath.

Annual Rent: £23,000 – Rent steps available 

Security Deposit: £3,500

Working Capital: £5,000

Stock: £4,000

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.

 

This is an exciting opportunity to run a well established pub business. Admiral Taverns are looking to work with experienced operators who can multi task a food operation, function facilities and are also able to deliver the wet side of the business. An individual/couple with local knowledge who can put their own ideas into the business, attract customers from further afield,  have a strong marketing plan and have experience in delivering and developing a community local pub food offering. The desire to grow the business is essential in ensuring you can drive footfall and embedding yourself in the community making this the “go to” pub for 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.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.