Run a Star Pub - Crown Hotel Stornoway - Stornoway

Pub Overview

A fantastic opportunity to utilize both bar areas for live sports, a cocktail lounge, and guest rooms for tourists.

What would you do with this pub to make it even more of a success?

The Area:

The Crown Hotel Stornoway is located in the heart of Stornoway on the island of Lewis, just a 2-minute walk from the Ferry Terminal, close to Lewis Castle, and a 10-minute drive from Stornoway Airport. Surrounded by shops, restaurants, hotels, and tourist attractions, the island is a popular tourist hotspot, attracting over 60,000 visitors in 2024.

The Offer:

Available on our foundation tenancy agreement. The potential of this pub lies in developing a 60/40 food & drinks offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via 16 letting rooms, live entertainment, live sports, and a selection of pub games, such as pool and darts. It offers a selection of a pub classic menu, coffees, and popular beers, ciders, wines, and spirits.

We’re always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with customers

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

• Foundation Tenancy
• Catering Kitchen
• Letting Rooms
• Pub Games

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• 70 internal covers
• Large kitchen
• Lounge area
• 16 letting rooms
• Pool table/dart board/games area

Private Accommodation

The pub has no private accommodation.

Pub Financials

Estimated Total Ingoing Costs: £118,500

Estimated Minimum Ingoing Costs: £28,500

Annual Rent: £120,000

Estimated Annual Turnover: £1,108,194

Deposit: £30,000

Estimated Fixtures & Fittings Value: £70,000

Estimated Stock Valuation: £15,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalized at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build-up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

Downloads

• Demographics Report Download
• Energy Performance Certificate Download