Run a Star Pub - Three Crowns Ashurstwood - East Grinstead

Star Pubs Leased & Tenancy; East Grinstead; On-site; GBP 18,000 - 95,000; Full time

Job description

Pub Overview

Fantastic opportunity to take over a stunning village pub in semi-rural West Sussex that has an excellent reputation for food.

What would you do with this pub to continue its success?

The area

The Three Crowns is located in the village of Ashurstwood, which is about a mile from East Grinstead in West Sussex. The pub is surrounded by residential housing, with many people commuting into London through the working week. There are several historic sites nearby such as Saint Hill Manor and Standen which attract local tourists.

Demographics

The pub benefits from being one of 2 pubs found in an area of around 2500 adults within a 20-minute walk of the front door. A large proportion of the affluent customer base is made up of families that have older children and the retired.

The offer

Available on our foundation tenancy agreement. The potential of this pub lies in developing a well thought through 50 / 50 food & drinks offer. What food would you look to implement in the pub?

The site currently has the ability to drive trade via a strong food menu, live entertainment and a large garden space. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.

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

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a destination food outlet within a successful hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer that can create a memorable experience for their 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

• Car Park
• Catering Kitchen
• Foundation Tenancy
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

Trading areas and facilities

• Main trading area with bar
• 90 internal covers
• 50 external covers
• Large catering kitchen
• SmartDispense
• Large garden space
• Car park with 12 spaces

Private Accommodation

Private accommodation consists of 3 bedrooms, kitchen, a living room, bathroom.

Pub Financials

Estimated Total Ingoing Costs: £94,050

Estimated Minimum Ingoing Costs: £18,083

Annual Rent: £55,000

Estimated Annual Turnover: £654,440

Deposit: £13,750

Estimated Fixtures & Fittings Value: £66,800

Estimated Stock Valuation: £10,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalised 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 finalised 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.