White Lion Sheffield
615 London Road, Sheffield, S2 4HTAgreement Type: Foundation Tenancy
View details for White Lion SheffieldRefurbishment Planned
Old Crown Inn
137, London Road, Sheffield, S2 4LE
Pub Code: 2302209101
Key Features
- Investment tenancy, Refurbishment planned
- Community Pub with a modern twist.
- Live Music
- Televised Sports events, Pool & Darts games
- New external and rear external drinking area.
- Private Accommodation
Est Min Ingoing Costs: £36,456
Annual Rent: £25,525
More Information
Make a splash in Sheffield’s pub scene.
The area
Situated on London Road in Sheffield, the pub sits amidst a bustling high street, drawing in a steady stream of locals and visitors alike. With over 2,000 potential patrons within a leisurely 10-minute stroll, mainly comprising students and out-of-towners, this spot boasts a lively, low-affluence vibe. Plus, its proximity to Bramall Lane, home turf of the Sheffield United football team, adds an extra flair.
The offer
When refurbished, The Old Crown Inn will offer:
Drinks:
• Mix of value and premium draft lagers, traditional cask & keg ale, some mainstream ciders. Along with a standard wine, spirits and mineral offer.
Events:
• Utilise the multi-functional space to host regular live music performances and sport with 6 TVs for good coverage. Or use the venue as a competitive socialising space as patrons will have access to pool and darts outside of live performances.
When refurbished, The Old Crown Inn will appeal to: Local and Travelling Sports Fans:
• Enthusiastic supporters looking for a pre-match or post-game gathering spot close to Bramall Lane, the home stadium of Sheffield United Football Club. University Students:
• Young adults seeking a vibrant social scene with reasonably priced drinks and live music entertainment, attracted by the pub's proximity to both university campuses. Out of Town Passersby:
• Visitors exploring Sheffield and seeking a laid-back atmosphere to enjoy drinks and watch live sports, drawn in by the pub's central location on a busy high street. Mature Regulars:
• Local residents looking for a traditional pub experience, with comfortable seating areas and a relaxed ambiance, making the pub their go-to spot for socialising with friends
Trading Area & Facilities
The Old Crown Inn is available on our Investment agreement. Click here for more information on this agreement.
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 Old Crown Inn will have extensive experience in community led hospitality businesses. They will have a clear vision for their drinks menu, marketing strategy and entertainment offer 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 pubs next chapter…
The Old Crown Inn will be undergoing a refurbishment which will cover the interior and the exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Three distinct zones to appeal to the broad demographic that live in and visit the area.
- Traditional section for mature visitor
- Transition area for mixed groups, brilliant sports area.
- New external.Rear external drinking area.
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 & Bars, 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 three bedrooms, living room, kitchen and bathroom.
| Annual Rent | £ 25,525 |
| Estimated Annual Turnover | £ 347,245 |
| Deposit | £ 6,381 |
| Estimated Fixtures & Fittings Value | £ 20,575 |
| Estimated Stock Valuation | £ 6,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 36,456 |
| Estimated Minimum Ingoing Costs | £ 36,456 |
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:
137, London Road, Sheffield, S2 4LE
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View details for Church House SheffieldTo 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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