Crown

40 Market Street, Harlow, Essex, CM17 0AQ

Gallery

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Pub overview

A great opportunity for a licensee to take on a well established drink trade, with room for growth on food.

At the heart of the community, The Crown is popular with locals, providing a cosy local welcome, regular entertainment and sports offering. It is a 16th Century former coaching Inn with many of the original beams and an 18th century floral wall painting. The pubs large garden is popular in the summer and is well liked by varied clientele.

There are 2 bar areas (1 needs dispense re installing) with an outside bar servicing the garden. Good sized function room

Trade space
Bars 3
Dining rooms 1
Food covers30
Function rooms 1
Gardens 1
Trade kitchens 1
Patio areas 1

A viewing of the private accommodation will be available once your initial application has been discussed

Private space
Private Rooms8
Lounge1
Double bedrooms3
Private Kitchen1
Bathrooms2
Toilets1

Rent information

Annual rent£50,000 per annum
Weekly rent£961.54 per week fixed
Notes

£50,000 per annum, £961.54 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 £40,150 which includes fixtures and fittings, 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).

Brokers£675Legal£825
Deposit£12,500Stocktaking fees£150
Fixtures & fittings£16,000Working capital£5,000
Other costs£5,000Total entry cost£40,150

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

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/183521,2829,052
2016/173701,5239,046
2015/163951,68110,001
Volume notes

Location

Old Harlow is the historic part of the new town and district of Harlow, Essex in England. It is situated in the north-east area of the town and is the oldest area of the town. Old Harlow ward has a total population of 5,845 and comprises 2,498 homes

Facilities

Trade bar
Dining area
Function room
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday - Thursday - 08:00hrs - 01:00hrs Friday - Saturday - 08:00hrs - 01:30hrs Sunday - 08:00hrs - 01:00hrs

Contact Us

Yvonne Fraser

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ If you want to be running a business that understands its customers and works hard to be the centre of local life, then this is the right pub for you. ”