views over River Stour

Crown

51-53 High Street, Manningtree, Colchester, Essex, CO11 1AH

Gallery

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Pub overview

A great locals Pub, on the doorstep of the famous 'Constable Country'

The Crown is located in the small Town of Maningtree, with beautiful views over the river Stour. This popular local pub has a central location in this small town and offers a mix of drink and traditional 'pub grub'.
This is a rare opportunity to acquire a business with such a fabulous location and amenities. The Crown has an envied position in the town and can cater for a wide range of customers from families to bespoke function events.
Internally the Pub is well presented, spacious and accommodates a Pool table and Darts throw. Externally there is a car park and rear garden.

The main bar is accessed from the High Street and leads to the second bar servery area, which in turn opens into the open plan dining area. A large function room with it's own bar fits in well into the rest of the ground floor trade area. Externally to the rear is a large terraced patio area with forty food covers and views looking over the river.

Trade space
Bars 2
Car park spaces 12
Dining rooms 1
Food covers65
Function rooms 1
Gardens 1
Trade kitchens 1
Patio areas 1

Situated above the main building the owners accommodation comprises of two double bedrooms, bathroom, office and lounge

Private space
Private Rooms5
Lounge1
Double bedrooms2
Bathrooms1
Office1

Rent information

Annual rent£51,000 per annum
Weekly rent£980.77 per week fixed
Notes

£51,000 per annum, £980.77 per week fixed and subject to annual RPI increase which is capped. Paid weekly by direct debit. Machine income free of tie

Entry costs approximately £58,475.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £35,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Brokers£750Legal£850
Deposit£12,750Stocktaking fees£150
Fixtures & fittings£20,000Working capital£5,000
Other costs£5,000Total entry cost£44,500

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)
2018/192632,8808,188
2017/182602,8298,332
2016/172552,8709,236
Volume notes

Location

The Crown is situated on the High Street in Manningtree, which sits on the banks of the River Stour in the North of Essex. There are direct rail links from the town's station to London, Norwich and Harwich and has easy access to the A12 trunk road which connects London and East Anglia. Maningtree claims to be the smallest Town in the country

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Facilities

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

Current premises licence opening hours

Mon - Wed: 06:00 - 00:30 Thu - Sat: 06:00 - 01:00 Sun: 07:30 - 00:00

Contact Us

James Pearson

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am seeking an experienced, passionate operator to build upon this superb business and help it to reach new heights. A fresh perspective and inpetus to the mixed food and drink offer would be beneficial, whilst enjoying the stunning location, right next to the River Stour. If you fancy running the Crown, then contact the recruitment team for further information ”