tenancy
High Street, Thorpe-le-Soken, Clacton-on-Sea CO16 0DY, UK
Approx. Total Ingoings
£13,250Annual Rent
£15,000The Crown is situated on the busy main road of the North Essex village of Thorpe le Soken, en route from the A12 to the coast at Walton on the Naze and Frinton On Sea. The pub is ideally positioned to serve a wide ranging demographic of locals, passing trade and families as a destination venue. There is a 40 cover restaurant, public bar, cosy lounge area and a large L-shaped garden comprising a patio area and children's climbing frame. Stonegate Pub Partners are now seeking an experienced publican who can combine a good quality, reasonably priced food offer with a locals bar trade to maximise the extensive facilities this great pub has to offer.
Private Accommodation: A good sized, light and airy upstairs flat comprising three bedrooms and a lounge.
Indoor trading area
The Crown is very well decorated with attractive features such as exposed beams, coving and chandeliers as well as wooden flooring throughout. There are two main trading areas, the first of which is the main bar and lounge area; used for drinking, socialising and casual dining. The restaurant is separate and accommodates around 40 covers across stylish tables and chairs. A fully fitted and recently renovated kitchen is in place to support a strong food offer.
Outdoor trading area
A superb stone flagged patio is accessible from the main bar and the car park. This area is ideal as a smoking solution. A well maintained grassed beer garden features further tables for al fresco drinking and dining as well as a children's play area. The car park is a great size with around 20 spaces and easy access to the main road.
Regional Manager Comments
The Crown is a brilliant pub that is ideally located to serve a wide ranging demographic including locals, passing trade, families and as a destination venue. This pub benefits from fantastic facilities including a large beer garden, restaurant, lounge and public bar. I am now seeking an experienced couple or individual to combine a good pub food offer with a local's bar trade, maximising the great facilities this pub has.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Restaurant/Food
Approx. Total Ingoings
£13,250
Annual Rent
£15,000
Potential Turnover: £321,000 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: £15,000 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: £13,250 (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: £20,000 (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.
