Run a Star Pub - Crown & Sceptre Kensington - London

Job Details

Pub Overview

Central London pub with 5 letting rooms.

What would you do with this pub to make it a success?

The area

The Crown & Sceptre is located in the London Burrough of Kensington, close to the Olympia. The pub is surrounded immediately by residential housing, but only a stone’s throw away from the centre of Kensington.

Demographics

The pub is one of 8 pubs found in an area of around 13,194 adults. The customer base is made up of mostly young adults of high affluence.

The offer

Available on our FRI agreement. Click here for more information on this agreement . The potential of this pub lies in creating your own niche: events, premium drinks, letting rooms, or a unique food offer. There’s so much potential, what would you look to implement in the pub?

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a hospitality business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their business, and a USP that stands them apart from the competition.

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

• Letting Rooms
  
• LongTerm FRI Lease
  
• Private Accommodation
  
• Catering Kitchen
  

Trading Area & Facilities

• Main trading area with bar
• Separate dining area
• 60 internal covers
• 20 external covers
• Catering kitchen
• SmartDispense
• 5 letting rooms

Private Accommodation

Private accommodation consists of 2 bedrooms, living room, kitchen, bathroom.

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

£34,490

Annual

Estimated Annual Turnover

£563,266

Annual Rent

£55,000

Entry Costs

Deposit
**Deposit build up from 1 month rent

£13,750**

Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available

£9,240**

Stock Valuation

£8,000

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