tenancy
9 Highcrown Street, Southampton SO17 1QE, UK
Approx. Total Ingoings
£20,750Annual Rent
£55,000The Crown can be described as a traditional country pub in the middle of Southampton. It is situated near to Southampton University and is enjoyed by students, lecturers and local residents. It sits in the affluent suburb of Highfield, just a short walk to Portswood High Street. The pub has a cosy courtyard ideal for outdoor drinking, there is a car park for 15 cars and a U-shaped trading area with two feature fireplaces and plenty of dining covers. The pub serves real ale and good quality pub food in addition to a large range of draught beer and cider. Stonegate Pub Partners are now looking for a publican with a food background who can maintain and develop the current food offer, making the Crown the go to eatery in the area. The publican will also need marketing skills to advertise key events via social platforms to drive trade and maximize footfall.
Private Accommodation: The private accommodation is spacious and provides two bedrooms, a lounge and kitchen. The space could do would some upgrading and redecoration to the publicans taste.
Indoor trading area
The Crown is a one bar operation with traditional décor and open brickwork. It has a cosy ambience with two feature fireplaces and classic fixtures and fittings. There is a total of 80 covers inside with plenty of space for customers to drink and dine. There is a fully equipped trade kitchen capable of turning over a high level of covers.
Outdoor trading area
Outside there is a quaint and fully covered courtyard next to the car park, a popular spot during the warmer months. It has up to 20 covers and the roof is supported by wooden beams which complement the interior. The car park has space for 15 vehicles.
Regional Manager Comments
This is a great opportunity to run a traditional pub in a fantastic location, with good old-fashioned values in a vibrant and busy area. Locals and students alike comprise the key customer base. The ideal publican would look to maintain and enhance the food offer to allow the pub to continue to be a favourite in this area. The pub would benefit from having a stronger social media presence to drive trade and footfall by advertising key events such as quiz nights.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale
Approx. Total Ingoings
£20,750
Annual Rent
£55,000
Potential Turnover: £677,000 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: £55,000 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: £20,750 (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: £12,000 (excl VAT)
To be discussed with the Regional Manager.
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My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
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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.
