Rose & Crown
Upper Green Road, Tewin, Welwyn, Hertfordshire, AL6 0LE
COMMUNITY LOCAL WITH REAL POTENTIAL
The Rose & Crown is situated in the heart of the Hertfordshire village of Tewin. This pub has the potential to be a genuine mix of community local and destination pub. The pub should offer pub classics, utilising seasonal produce to form an attractive menu. The area is affluent and features one of the UKs most expensive streets to live on. As well as being a destination for food, the pub should also be a community hub, hosting regular events such quiz nights to vintage call rally's.
Dining areas
Garden
Kitchen
Patio
Location
Tewin is a village and civil parish in Hertfordshire, between the towns of Welwyn Garden City, Stevenage, Welwyn and the county town Hertford. This is an affluent, attractive village with various local amenities. The Rose & Crown can be found in the centre of the village.
Business Information
Annual rent
£29,750
Weekly rent
£572
Entry costs
£21,813
Turnover royalty
n/a
Forecasted Operator Turnover
£441,546
Forecasted Operator Profit (inc machine profit)
£29,428
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
£72
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term
Entry cost is approximately £21,813 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £22,000. 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
£7,438
Fixtures & Fittings
£5,500
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£6,000
Other Costs
£1,150
Total Entry Costs
£21,813
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 and 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2022 | 132 | 18 | 3,925 |
| 2021 | 124 | 222 | 3,547 |
| 2020 | 111 | 349 | 3,558 |
Upon entry to the left there is a lounge bar and dining area which leads through to the garden and patio. To the right there is loose seating and a bar, with a more casual feel. Externally there is an attractive garden and patio with covered smoking solution and car park.
Trade Bars
2
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
40
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
35
Current Premises Licence Opening Hours
Mon-Thu: 11:00-00:30
Fri-Sat: 11:00-01:00
Sun: 11:00-00:00
The accommodation comprises 3 bedrooms, kitchen, lounge and bathroom.
Private Rooms
6
Lounge
1
Dining Rooms
0
Double Bedrooms
3
Single Bedrooms
0
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
0
Bedsits
0
This traditional pub should be at the heart of the community and attract those that wish to visit from a far. I am seeking an experienced hospitality operator or couple who can deliver a quality food offering whilst having a regular events programme being known as the best “pub” in the area. If that person is you, then please contact the recruitment team for further information.
Andy Turner, Business Development Manager
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