Run a Star Pub - Crown Inn Anstey - Leicester

Job Details

Pub Overview

A £205,000 investment is planned to transform the Crown Inn. What would you do with this pub to make it a success?

Fantastic Location

Anstey, known as the Gateway to Charnwood Forest, is a combination of traditional English village boasting two village greens, backed by an industrial town. The Crown Inn has the potential to become a destination of choice for those visiting Bradgate Park for food & drink for all the family.

There are a variety of local establishments in the area, but The Crown Inn benefits from being only one of 3 pubs of a similar, premium standard.

The offer

The Crown Inn, Anstey is available on our investment tenancy agreement. Click here for more information on this agreement .

We're investing in a full refurbishment of the Crown Inn to create a premium local spot in Anstey, with the view to becoming the market leader in the area. The work will include modernising the interior with new flooring, zoning for sports and dining, updated seating, and a fresh colour scheme.

Outside, new signage, lighting, and a full repaint will boost its kerb appeal. With live sports, music, entertainment, and a solid pub food menu, we're laying the groundwork to turn the Crown Inn into a top destination for locals and visitors alike.

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 Crown Inn will have experience in a premium local offer with food. They will have a clear vision for their food & drinks menu, sports offer and entertainment offer and 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

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

Trading Area & Facilities

The Crown Inn will be undergoing a full redecoration which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pubs trading area and facilities post refurbishment will be:

• Main trading area with bar
• Separate dining room
• 131 internal covers
• 140 external covers
• Catering kitchen
• Function room
• SmartDispense
• Large pub garden with patio
• Car park with 17 spaces
• Pub square footage = 209 square meters

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

The private accommodation consists of two bedrooms, lounge, kitchen, bathroom and office.

Pub Financials

Pub Financials Icon
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.

Indicative entry costs

£55,280

Annual

Estimated Annual Turnover

£570,570

Annual Rent

£37,778

Entry Costs

Deposit

£9,445

Estimated Fixtures & Fittings Value

£32,335

Stock Valuation

£10,000

Working Capital Required

£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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow