tenancy
6 Main Street, Zouch, Loughborough, Nottinghamshire LE12 5EQ, UK
Approx. Total Ingoings
£18,500Annual Rent
£42,000The Rose and Crown has investment planned to refresh internally and to improve the outside trading space. This characterful canal side pub is located midway between Kegworth and Loughborough on the busy A6006. It boasts a good-sized beer garden with 80 covers overlooking the waterway, and an open plan trading opportunity for 100 cover dining and drinking, including a small room that would lend itself to private functions or dining. The business has operated as a destination food outlet for many years and has become well established in the locality. The Rose and Crown would best suit a multiple operator or experienced couple with a strong desire to operate a food led pub.
Private Accommodation: The private accommodation comprises of three bedrooms, a lounge, a shower room with toilet, and an office.
Indoor trading area
The Rose and Crown has a planned investment to fully redecorate and refurbish the internal trading area to create a modern contemporary feel in what is a traditional pub. The pub will retain the beautiful original features such as two open fireplaces, wooden beams, and exposed brickwork. The internals of the pub has potential for 100 covers in an open plan setting, which includes 20 covers in a smaller dining or function room.
Outdoor trading area
The current external area has a picturesque canal side location, with either a decked area or grassed area to take in the views in the warmer months. This area will be improved with new decked area and grassed beer garden to refresh the current offering. This will provide a real kerb appeal and WOW factor.
Regional Manager Comments
The Rose & Crown has been a popular destination pub for many years and with the investment planned will be a standout pub in the area. Due to its great canal side location the Rose & Crown attracts not only local tourists and walkers to the area, but also drinkers to take in the views on good weather days. The Rose and Crown would suit a multiple operator looking for additional high performing food sites or an experienced couple looking for a food led pub business.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Restaurant/Food
Approx. Total Ingoings
£18,500
Annual Rent
£42,000
Potential Turnover: £540,000 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: £42,000 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: £18,500 (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: £25,000 (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.
