Investment Planned

Crown

Lynn Road, Gayton, Kings Lynn, Norfolk, PE32 1PA

Gallery

(Click to enlarge)

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Pub overview

The Crown is located in a small countryside village just a few miles south of the Sandringham Estate. Over the years, the Crown has built an enviable reputation for carveries and booking is always strongly advised. The Crown enjoys a prominent position on the main road through the village, with no other direct competition.

The Crown is a charming village pub in Gayton, West Norfolk. The reputation for food and especially their carveries is very high and often Sundays are fully booked well in advance for their traditional Sunday roasts. There is a large car park attached to the site, and 4 letting rooms above, 2 of which are en-suite.
The Crown has various trade areas from cosy little snug rooms to larger dining areas. There is a good size trade garden to the rear and also a petanque pitch.

There is potential for a large investment.

There are numerous trade areas within the Crown's premises. The carvery area is well located from the kitchen and main dining room. The bar is centrally located in the pub with various zones coming off the main entrance. The beer garden has direct access from the pub. There are parking spaces for around 25 cars and numerous shed outbuildings currently being used as offices and store areas.

Trade space
Bars 1
Car park spaces 25
Dining rooms 1
Food covers 85
Function rooms 1
Gardens 1
Trade kitchens 1
Rooms to let 4
Patio areas 1

There is no private accommodation available. The 4 letting rooms could be converted back into private accommodation should the new tenant desire.

Private space
Private Rooms 1
Office 1

Rent information

Annual rent £40,000 per annum
Weekly rent £769.23 per week fixed
Notes

£40,000 per annum, £769.23 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £19,300 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note fixtures and fittings are to be valued.

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £0 Working capital £5,000
Other costs £6,650 Total entry cost £19,300

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 205 2,253 8,129
2015/16 221 2,602 7,987
2014/15 215 2,637 7,886
Volume notes

Location

Gayton is located approximately 5 miles south of Kings Lynn and Sandringham. There are numerous hamlets and small villages located around the Gayton area. The nearest pub being 3 miles away.
The Sandringham estate attracts tourists all year round with a full calendar of events and being the Queens regular winter residence.

Facilities

Trade bar
Car park
Dining area
Function room
Pub garden
Trade kitchen
Letting rooms
Trade patio

Current premises licence opening hours

Sunday to Thursday: 11.00 hours- 23.30 hours Friday to Saturday: 11.00 hours- 00.30 hours

Contact Us

Lee Jarvis

Business Development Manager

Call us today 01284 714 497

Apply online
“ The Crown is a charming village pub located in the rural village of Gayton. Whilst serving a number of relatively affluent villages and hamlets nearby, it also is the only pub in the village. The Crown has operated under the current tenant for over 20 years and has successfully built up an enviable reputation for its carvery. ”