Barrels (to be re-named The Cannon)
Cannon Lane, Luton, LU2 8BJAgreement Type: Foundation Tenancy
View details for Barrels (to be re-named The Cannon)
Crown Inn
9, High St, Dunstable, LU6 1HX
Pub Code: 0090035101
Key Features
- Major Refurbishment Complete
- Contemporary Venue
- Multiple Income Streams
- Stunning Rooftop Garden
- Unique Opportunity
Est Min Ingoing Costs: £13,576
Annual Rent: £24,912
More Information
Major Refurbishment Complete – An exciting refurbishment has transformed The Crown into the coolest venue in Dunstable. The pub has been transformed into a stylish and contemporary venue. 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.
Trading Area & Facilities
After the extensive refurbishment, The Crown is now 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. It will be decorated in line with our ‘Ready to Trade’ promise, so you can focus on creating an exceptional venue from the outset.
| Annual Rent | £ 24,912 |
| Estimated Annual Turnover | £ 413,066 |
| Deposit | £ 6,228 |
| Estimated Fixtures & Fittings Value | £ 20,000 |
| Estimated Stock Valuation | £ 8,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 37,728 |
| Estimated Minimum Ingoing Costs | £ 13,576 |
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:
9, High St, Dunstable, LU6 1HX
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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