Old Crown Inn Sheffield

137 London Road, Sheffield S2 4LE

  • Old Crown Inn Sheffield
  • Old Crown Inn Sheffield
  • Old Crown Inn Sheffield
  • Old Crown Inn Sheffield
  • Old Crown Inn Sheffield
  • Old Crown Inn Sheffield

Old Crown Inn Sheffield

Well Located Music Venue

The Old Crown Inn sits on London Road - a desirable and trendy area within Sheffield. This lovely suburb has many local shops, restaurants and bars which appeal to young professionals and students alike.

The pub is known for its live music events, yet the full potential with this venue has still to be fully tapped into. During the day, entertainment such as live sports and pub games are popular. There is a kitchen on site, with the opportunity to introduce an appealing and trendy pub menu to entice passers-by.

Innovative, Ambitious Operator Wanted

Are you an ambitious operator with a passion for live music? Do you have the creative mind set and marketing skills to appeal to not only locals but the wider area? The Old Crown Inn could be the perfect venture for you.

Financial support is for the first year, to help you along the way. All quoted figures are based on Star Pubs & Bars FMT rent model.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Live Sports
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Old Crown Inn has a lot of kerb appeal due to its boldly coloured tile frontage. The addition of some eye catching chalkboards would increase this appeal further.

Internally, the pub is deceptively spacious and split across two levels - each with its own bar.

Private Accommodation

Private accommodation consists of bedrooms, living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 01:00 10:00 - 01:00 11:00 - 00:00

Financials

Annual Rent £
25,750
Estimated Annual FMOP (Licensee Profit) £
28,804
Representative HEINEKEN UK Brand Discount Per Barrel £
169
Estimated Annual Turnover £
287,014
Estimated Annual Barrelage
239

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
7,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
6,438
Rent In Advance £
495
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
21,118
Estimated Minimum Ingoing Costs £
12,331

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,920

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased