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Crown Hotel Colne

94, Albert Road, Colne, BB8 0QD

Pub Code: 2302842101

Key Features

  • 7 En-Suite Letting Rooms
  • Live Entertainment
  • Real Ales
  • Pub Games
  • Popular Food Venue

Est Min Ingoing Costs: £15,400

Annual Rent: £35,114

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More Information

Historic Pub with Multiple Income Streams

The Crown Hotel is situated in the heart of Pendle Witch Country close to the Pennines and Yorkshire Dales. The hotel is an ideal base for exploring the nearby hills, canals, historic towns and villages, and many other local beauty spots. The Crown Hotel is a charming former coaching inn, built in 1852 to service the then new railway system in the quiet mill town of Colne. The very welcoming hotel offers comfortable accommodation comprising of ten single, double and family bedrooms all of which have colour television, hospitality tray and seven of which have en-suite facilities.

 

Business Development Manager Vision

The Crown Hotel prides itself on providing quality, locally sourced produced food to a very high standard accompanied by a wide selection of Wines and Spirits from around the world and requires a dedicated operator to ensure this legacy that has been built up over the last 100 years is continued through the heart and soul of every pint poured and meal served. From Daily Live music to open mic on a Sunday, the pub is always full of life. Encouraging the local up and coming talent to well established world wide groups, it's had it all.

If you are into driving an ever strong, venue with letting rooms, steeped in local history and wish to remain the real hub of the community, then the Crown Hotel is a must for you.

The opportunities here are endless in growing the ever demanding food and music side of the business, along with increasing the room revenue and your profitability along with providing guests with a stimulating range of cask ales, accompanied by light bites, and a mouth-watering main menu in a warm and welcoming venue for all to enjoy.

If you think you have what it takes, to take on such a prominent dining and entertainment and dining venue with an unrivaled vision in the heart of Colne then apply now.

  • Foundation Tenancy

  • Catering Kitchen

  • Letting Rooms

  • Music Venue

  • Car Park

  • Cask Ale

  • Outdoor Trade

Trading Area & Facilities

Internally, the Crown Hotel is a two-bar operation. Friendly competition is enjoyed in the games area which includes a pool table and darts board. The internal seating is a mixture of loose and fitted seats, from comfortable booth seating to low and high stools. Live sport can be shown on the televisions in the bar area. The pub also contains gaming machines, allowing for an additional income stream. There is also a separate function/meeting room which can fit 40 theatre style, ideal for business meetings and small corporate events. 

There is a cosy trading area externally to the rear, perfect for drinks in the summer months. 

The Crown Hotel benefits from 10 letting rooms, 7 of which are en-suite, all with a television and hospitality tray.

Private Accommodation

The private accommodation at the Crown Hotel consists of 2 flats. One, a 3 bedroom with a bathroom, living room and kitchen. The other a 2 bedroom and kitchenette. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Please refer to the attached Premises License for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
23:30
11:00 -
23:30
11:00 -
23:30
11:00 -
00:30
11:00 -
00:30
11:00 -
00:30
12:00 -
23:30

Annual Rent £
35,114
Estimated Tenants Annual Operating Profit £
39,112
Representative HEINEKEN UK Brand Discount Per Barrel £
199
Estimated Annual Turnover £
821,569
Estimated Annual Barrelage
506
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
25,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
8,779
Rent in Advance £
675
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
46,179
Estimated Minimum Ingoing Costs £
15,400
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
4,938
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

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