Crown Shrewsbury

25-28 Abbey Foregate, Shrewsbury, SY2 6BT

  • Crown Shrewsbury
  • Crown Shrewsbury
  • Crown Shrewsbury
  • Crown Shrewsbury
  • Crown Shrewsbury

Crown Shrewsbury

Extensive refurbishment planned that will transform the Crown into an amazing venue.

The Crown sits in a prime location in the beautiful town of Shrewsbury opposite the popular tourist attraction the Abby of Abbey Foregate. This amazing refurbishment will breathe new life into this traditional Grade II listed building, creating a characterful pub and setting it apart from the competition. It will not only attract visitors to the area it will become the go-to destination for locals. Friends and family can enjoy great food, the perfect pint, or even a coffee while relaxing in the new warm and welcoming surroundings.

In addition to this, we will transform the 'Secret Garden' to the rear of the pub. By adding a covered area and festooned lighting, this will allow the Crown to trade outside all year round, increasing covers by 47.
We are looking for a partner to join Star on this journey and see the difference the refurbished Crown will make to the area? Are you that person? Do you promote your business and drive it forward? Are you Passionate and customer-driven? If so, we would love to hear from you.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The refurbishment will involve a complete upgrade of the current space both inside and out. Redecoration of the existing bar area, as well as adding a wider range of seating options and a lush secret garden. There will also be seating at the front of the venue. The changes will truly transform the venue to appeal to a new, wider demographic who are looking for a quintessential pub experience.

A new catering kitchen will be installed which will accommodate a total of 149 covers - 102 Internal and 47 external.

Full details and layout of this amazing transformation are available in the 'Refurbishment Details' download attached to this web page.


Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an 'Investment Exemption' will be required. The exemption means that the option of a Market Rent Option lease will not be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016)

Private Accommodation

The private accommodation consists of four bedrooms, a bathroom, and a kitchen with a lounge area. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 01:30 10:30 - 00:30 10:30 - 00:30 10:30 - 00:30 10:30 - 02:30 10:30 - 02:30 11:30 - 00:30

Financials

Annual Rent £
33,750
Estimated Tenants Annual Operating Profit £
35,014
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
441,478
Estimated Annual Barrelage
228

“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 £
29,190
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
8,438
Rent In Advance £
649
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
46,472
Estimated Minimum Ingoing Costs £
46,472

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 £
1,969
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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