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Beer Garden
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External Drinking Area
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Smoking Solution
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Restaurant/Dining
Property details
The Old Crown Inn sits on London Road close to many local shops, restaurants, and bars. This up-and-coming neighbourhood is mainly frequented by young professionals and students. The pub is known for its live music events, yet the full potential of this venue still remains untapped. The landlords are now planning a significant investment to upgrade The Old Crown so it can appeal to a more premium market.
The £190,000 investment will cover all trading areas including the garden. The landlords will create a stylish pub that is both on-trend and welcoming. Highlights include tiled flooring, cast iron furniture, and a unique beer garden that 'brings the outside in.
Inside, the pub is split into three trading areas - the lounge, bar, and taproom. The investment will improve all of these areas. In the lounge, they will add new free and fixed seating along with eye-catching statement wallpaper. In the bar, they will add new herringbone flooring. The bar itself will be sanded and restained to give it a distressed feel. The back bar will be tiled and new shelves will be added. The bar's snug area will also receive new decoration and furniture. The taproom will receive a new tiled floor and the existing fixed seating will be reupholstered. The fireplace will be recovered, creating a cosy atmosphere.
The outside space at The Old Crown will be one of its most exciting selling points. The plans will remove part of the pub's back wall and add bi-fold doors. These doors will allow you to 'bring the outside in, creating a space that is partly covered. The landlords will adorn this space with festoon lighting and foliage, creating a comfortable and trendy place to spend time with friends. On top of this, the existing decked area will be restained with new furniture added. The exterior of the pub will be freshly painted, with new signage and lighting added.
The private accommodation consists of three bedrooms, a living room, a kitchen, and a bathroom.
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Cask Ale
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Catering Kitchen
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Live Entertainment
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Live Sports
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Experienced Operator
Trading style
The new operator of The Old Crown should offer a simple 'bar snacks' type menu to compliment their range of cask ales and craft beer. They should remain on top of future drinks trends.
Are you an experienced operator who has previously run venues in Sheffield city centre? You will have a clear direction in which you wish to take this business and you will understand the local market. A solid marketing strategy will also be desired.
Key financials
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Reference Number:
8M9JTW / 2302209101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£35,782.00
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Annual Rent:
£17,131.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £17,131
Estimated Annual Turnover £276,901
Deposit £4,282
Estimated Fixtures & Fittings Value £23,000
Estimated Stock Valuation £3,500
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £35,782
Estimated Minimum Ingoing Costs £35,782
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.