Rose & Crown
Hagley Road, Halesowen, Birmingham, West Midlands, B63 4JP
Having recently benefited from a full external redecoration and new signage scheme, the Rose and Crown sits very well on the main Hagley Road in Halesowen.
The Rose and Crown currently enjoys a very healthy level of trade with more to offer. Trading with a good food offering in the daytime, this is a business for a community focused operator to engage with the sports teams and local entertainers. A good sized patio area to the rear offers plenty of scope for outside events, and although a lot of customers are locals on foot, we also benefit from a large car park. The pub is situated on the main road leading from the dual carriageway to the town centre. The town is roughly 8 miles from Birmingham city centre and 6 miles from Dudley town centre. The pub is surrounded by residential estates and is also around a 10 minute walk into the centre. This site is fully tied with access to discounted prices on wine, spirits and minerals and also a discount of £144 on our beer.
The Rose & Crown splits into two distinct trading areas. To the rear is a dining area of 38 covers, semi closed off from the main front bar with a range of dining and lounge seating. Open fires create a cosy atmosphere and numerous screens provide a first class viewing experience for both Sky and BT sports.
|Car park spaces||20|
Spacious family accommodation which includes 3 bedrooms, one lounge, a kitchen, bathroom and an office.
|Annual rent||£58,000 per annum|
|Weekly rent||£1,115.38 per week fixed|
£58,000 per annum, £1,115.38 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 £24,150 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). *Please note the fixtures and fittings are shown as 25% deposit and full cost is approx. £22,000. This can be available on assisted purchase for the right operator.
|Fixtures & fittings||£5,500||Working capital||£5,000|
|Other costs||£6,000||Total entry cost||£24,150|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||Please note this site has been free of tie on wines and spirits in the past.|
The Hagley Road is a busy thoroughfare between Stourbridge and Halesowen. Following recent redecoration, the Rose & Crown sits well kerbside and summertime planting really shows the property off. The surrounding area is largely residential with a small parade of shops nearby that helps to attract residents to the immediate vicinity.