tenancy
2 Petitor Road, Saint Marychurch, Torquay TQ1 4QA, UK
Approx. Total Ingoings
£11,500Annual Rent
£26,000The Crown and Sceptre is an award winning traditional Georgian coaching house, which offers a selection of real ale and has masses of character and charm. The pub is located in St Marychurch which lies on the outskirt of Torquay, a popular seaside town. Babbacombe Bay is a short distance away and offers many attractions and self-catering apartments and Devon cottages bring lots of trade to the area and the pub itself. The Crown is particularly popular for live music and the selection of cask ale, both are which are integral to the success of the business and should be continued by the new publican. The public bar and comfortable lounge area are the two key trading areas of the pub with a function room situated on the first floor. Stonegate Pub Partners are now looking for an experienced wet-led publican who understands the cask ale market and can utilize the pubs function room to re-establish the live music events and entertainment.
Private Accommodation: The private accommodation is split over two floors, on the first floor is three double bedrooms, one of which could be used a lounge with a separate bathroom and office area. On the second floor is another large double bedroom. This space is well presented and would be well suited to a family or couple.
Indoor trading area
The pub has two entrances, to the left is the delightful main bar area which has 20 covers and the left is a more relaxed lounge area which has a cosy log fire and comfortable seating. The pub also has a function room situated on the first floor which is a very good size and has capacity for 40 guests, this space caters well for music events and private hire. The décor is traditional wood and stone with the ceiling adorned with chamber pots, pennants and other interesting paraphernalia.
Outdoor trading area
The rear beer garden is cosy and has seating for 15 guests, a popular spot during the summer months. There is a convenient on-site car park with four spaces for guests to use.
Regional Manager Comments
The Crown and Sceptre is a community-based pub excellently positioned in one of the oldest settlements in South Devon. I am looking for an experienced wet led publican who understands this market and is proficient in cask ale management, the pub has historically offered a good selection of real ales. The pub has previously hosted live music events in the function space, this should look to be reintroduced to increase revenue and drive footfall.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room
Approx. Total Ingoings
£11,500
Annual Rent
£26,000
Potential Turnover: £283,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £26,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £11,500 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £10,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
