Crown, Melton Mowbray

The Crown is a well-supported community pub located in the heart of Melton Mowbray, adjacent to St Mary’s Church. The town is conveniently served by East Midlands Railway, sitting on the line between Leicester and Peterborough. It is easily accessible, being just a 30-minute drive from Leicester and Nottingham, and around 40 minutes from Peterborough. The Crown’s prime location in this vibrant market town makes it an attractive destination for both locals and visitors, further enhancing its potential for growth.

Pub Layout

Upon entering the pub through the front door, you’re welcomed into a small entry hall. To the left, you’ll find a cosy lounge area featuring a charming log burner and a central bar servery that caters to both trade areas. The lounge is well-presented, offering a combination of fixed and loose seating, with a blend of carpeted and wood flooring for added warmth and style. On the right, there is a smaller lounge with similar features, including a log burner and varied seating options. Both lounges lead into a rear corridor, which provides access to the external courtyard. The courtyard boasts a tastefully decorated raised decked area and also leads to the toilets. At the back of the pub, there is a dedicated games room equipped with a pool table and dart boards. Additionally, a lockable side door grants access to the upstairs function room, complete with a separate bar. This function room enjoys a strong reputation within the local community and is frequently used for events.

The Crown operates as a wet-led pub, thriving on its deep-rooted community connections. It boasts a well-stocked bar with a diverse selection of drinks, including a popular range of cask ales. The pub features multiple trade areas, including a function room that is regularly used by the local community for workshops, classes, and events. This versatile space enhances the pub’s appeal, making it a hub for social gatherings and activities. The Crown offers a solid foundation for continued success, with opportunities to further engage with the community and expand its offerings.

Private Accommodation

The private accommodation is a reasonable size – four bedrooms, lounge, office and kitchen, two toilets and one bathroom.

Annual Rent: £TBC

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

This opportunity is ideal for an experienced licensee or someone enthusiastic about breaking into the trade. While prior knowledge of the local area isn’t required, it could be a valuable advantage. We’re looking for a dynamic individual ready to take the reins of this well-established pub and elevate its success. With substantial potential for growth, there is opportunities to introduce a backbar food service, host more frequent events, and expand the pub’s sports offerings.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *