Crown & Anchor Old Woking
High Street, Old Woking, GU22 9LNAgreement Type:
Foundation Tenancy
View details for Crown & Anchor Old Woking
Crown Headley
Crown Headley
Arford Road, Bordon, GU35 8BT Pub Code: 2300240101
Pub Code: 2300240101
Investment TenancyEst Min Ingoing Costs: £24,000
Annual Rent: £18,000
Refurbishing listed village pub with character
The Crown offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The Area
The pub is located in the village of Arford, a beautiful and quaint community in East Hampshire. It benefits from being the only pub in the village with a high-quality food offer, and it sits just off the A3, giving easy access for destination diners. The surrounding area is predominantly made up of affluent, older consumers, with around 1,800 people within a 10-minute walk time and only one other competitor nearby.
The pub also enjoys a strong community feel and a picturesque setting, making it attractive to locals as well as those seeking a great countryside pub experience.
The Offer
The Crown is available on our investment tenancy agreement. Click here for more information on our agreements.
The refurbishment will upgrade the existing offer while maintaining the amazing character of the listed building. Essential works will take place, alongside improvements to the middle trading area, which will receive new fixed seating and redecoration. The food-led nature of the pub and its destination appeal give strong potential for growth.
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 will have extensive experience in destination food-led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy 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…
Trading Area & Facilities
The Crown will be undergoing a refurbishment which will cover the internal and external areas of the pub.
A full list of works and floor plans can be found in the refurbishment details in the downloads.
Post-refurbishment trading areas and facilities:
- Main trading area with bar
- Separate dining room
- 56 internal covers
- 45 external covers
- Catering kitchen
- Function room
- SmartDispense
- Beer garden (across the road)
- Car park
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
Private accommodation consists of two bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£24,000
Estimated Minimum Ingoing Costs
£24,000
Annual Rent
£18,000
Estimated Annual Turnover
£296,918
Deposit
£4,500
Estimated Fixtures & Fittings Value
£8,000
Estimated Stock Valuation
£8,000
Estimated Working Capital
£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.
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.
Location:
Arford Road, Bordon, GU35 8BT
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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