Crown Inn Bishops Stortford

The Cross, Bishop's Stortford, CM22 6DG

  • Crown Inn Bishops Stortford
  • Crown Inn Bishops Stortford
  • Crown Inn Bishops Stortford
  • Crown Inn Bishops Stortford
  • Crown Inn Bishops Stortford
  • Crown Inn Bishops Stortford

Crown Inn Bishops Stortford

The Crown Inn offers a lucrative opportunity for the right candidate who can drive all revenue streams. The pub is near Stanstead airport and situated in the large village of Elsenham . The surrounding demographics are great and with little competition you will have a captive audience.

Historically The Crown inn was famous for a good quality food offer and great for sports and a drink too. We want you to really get involved with the village and drive a good food trade and that people will flock to from miles around. The Crown needs to draw in families, diners and drinkers alike.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Cask Ale

Trading Area & Facilities

Internally the pub is split into 3 very versatile trading areas. There is a good sized main bar, a snug bar and a restaurant area. The pub boasts a good size trading kitchen, and has its own large csr park that can accommodate up to 20 cars. The pub also has a dedicated smokers area at the rear door. The Crown Inn can comfortably cater for 50 covers and more

Externally the pub ha a great outdoor space that has nice benches This will be the perfect place for families and drinkers alike on a nice summers day. Opportunity to host BBQ and family events also.

Private Accommodation

The private accommodation is very flexible open plan accommodation and consists of two bedrooms, lounge, kitchen and a bathroom.

In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right

Premises Licence Details

Please refer to the premises license for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 12:30 10:30 - 12:30 10:00 - 12:30 10:00 - 12:30 10:00 - 01:00 10:00 - 01:00 12:00 - 00:00

Financials

Annual Rent £
37,000
Estimated Annual FMOP (Licensee Profit) £
41,605
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
408,419
Estimated Annual Barrelage
208

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
15,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,500
Deposit Amount £
9,250
Rent In Advance £
3,083
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
34,028
Estimated Minimum Ingoing Costs £
12,861

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,129
Estimated Annual Maintenance Compliance Charge £
tbc
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased