Crown

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

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.

Location

Business Information

Annual rent

£51,000

Weekly rent

£981

Entry costs

£44,500

Turnover royalty

n/a

Forecasted Operator Turnover

£538,588

Forecasted Operator Profit (inc machine profit)

£50,211

Forecasted Operator Machine Profit

£5,800

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Average Beer & Cider Discount*

£36.00

Type of Tie

Full tie: All products

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £44,500.00, 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 £20,000 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

Deposit

£12,750

Fixtures & Fittings

£20,000

Legal Admin Fee

£850

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£5,000

Total Entry Costs

£44,500

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 249 2,201 7,142
2018/19 263 2,880 8,188
2017/18 260 2,829 8,332

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 Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

65

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

12

Current Premises License Opening Hours

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

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

Private Rooms

5

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

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

James Pearson, Business Development Manager

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