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Run a Star Pub

2 months ago

Dunstable Bedfordshire, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Is this your next job Read the full description below to find out, and do not hesitate to make an application.

The Crown is a stylish and contemporary venue in Dunstable. The new decor is very trendy and the rooftop garden has been upgraded to become the best place to hang out, perfect for those Instagramable moments.

The Crown is located in a prominent location on the high street of Dunstable. The pub’s central location and close proximity to other shops and amenities ensures high levels of passing footfall, generating an excellent opportunity for success. The pub will also benefit from its position within a densely populated area, with 22,420 adults living within one mile.

Features

  • Catering Kitchen
  • Foundation Tenancy
  • Live Sports
  • Music Venue
  • Smoking Area
  • Outdoor Trade
  • Private Accommodation


Trading Area & Facilities

The Crown is a stand-out and contemporary venue with an alternative, industrial-style vibe where customers will love to spend their time. The pub can cater for 75+ covers and includes the following
A cool coffee house vibe during the day, with space to charge your laptop, do some work, or hang out with friends. A trendy, high-energy bar at night, with stylish decoration and a buzzing atmosphere. A fantastic range of drinks, including craft beers and cocktails. A delicious deli-style food menu including, snacks such as paninis, sharing boards, cakes, and coffee. A beautiful rooftop garden, perfect for Instagram moments

Private Accommodation

The private accommodation on the second floor contains a domestic kitchenette, lounge, bedroom and bathroom.

Pub Financials

Annual Rent £
17,375
Estimated Annual Turnover £
383,561
Deposit £
4,344
Estimated Fixtures & Fittings Value £
20,000
Estimated Stock Valuation £
7,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
35,344
Estimated Minimum Ingoing Costs £
12,448

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.

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