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Crown Inn, Keston

Leaves Green Road, Leaves Green, Keston, Kent, BR2 6DQ

The Crown Inn is a large, recently refurbished destination dining pub & restaurant set in rural Keston on the outskirts of Biggin Hill, Kent.

 

 

Key features

  • Large pub & restaurant for approx. 90 covers 
  • Business In great order throughout
  • Multiple trade areas to include a restaurant dining room
  • Conservatory area which doubles up as a private function and event room
  • Superb large family friendly gardens with decked patio area
  • Large customer car park 
  • 3 bedroom tenant accommodation with private access

Floorplan

THE CROWN INN

Located just a 10 minute drive from the hustle and bustle of Bromley and Westerham, the Crown Inn is a destination dining pub & restaurant set in rural Keston on the outskirts of Biggin Hill, Kent.

Currently a food led business, the Crown Inn has seen significant tenant investment both internally and externally over the last few years, so you will find the business in great order throughout.

Internally you will find multiple trade areas to include a central feature servery and relaxed bar area, a restaurant dining area and a multi-purpose conservatory which doubles up as private function and dining space.

Outside the large, family friendly garden has recently had a decked patio area introduced and there is also a large customer car park available. 

The tenants private accommodation has its own private entrance to the side of the property and it includes three double bedrooms, a kitchen, lounge, bathroom and office.

Available in early April 2020, the Crown Inn offers experienced tenants a great opportunity to further develop the wet trade and build on the already buoyant food trade.

Viewings are highly recommended at this site so contact our Trade Recruitment Co-ordinator now on 01795 542132.

BAR & RESTAURANT

Central feature bar servery, bar & drinking area, restaurant dining area and conservatory. Multiple trade areas totalling approx. 90 covers

KITCHEN

Large well equipped trade kitchen which has been nvested in

OUTDOOR & PARKING

Large fenced in and family friendly garden, decked patio area with tables and chairs. Two main entrances to the pub with a large private customer car park

PRIVATE ACCOMMODATION

Private access to the tenants private accommodation via the side of the property. Three double bedrooms, kitchen, lounge, bathroom and office

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£30000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£2000
Working capital£5000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£44500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£14500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£39000£40144£41340
Per week£750£772£795

Council tax

Band B

Non Domestic Business Rates

RATEABLE VALUE (UNTIL APRIL 2020) - £23,400

MULTIPLIER - 0.491

ESTIMATED RATES PAYABLE (UNTIL APRIL 2020) - £7,660

  • As at the time of publishing, the estimated rates payable, are based upon the assumption that the tenant occupies the maximum of one pub and therefore qualifies for small business rates relief
  • We have also applied the relevant multipliers and estimated transitional relief where applicable
  • Retail relief has been applied to all pubs with a rateable value of £51,000 or less. This entitles the occupier to a third reduction in rates payable after all other reliefs and will run for 2020/21 rating years. This is an assumption that should be confirmed with the local authority
  • The above calculations are estimations only and as rateable values are  subject to change, we would request that the prospective new  tenant checks the rates payable and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2016 2017 2018 2019
All beer and cider
Barrels
110 100 82 93
Wine
Gallons
245 218 399 359
PPS
Gallons

Premium packaged spirits (eg WKD)
4 3
Traditional Spirits
Gallons
54 41 21 1
Minerals
Ready to drink litres
4070 3186 6627 3571

Estimated food turnover

£390,000 per annum net approximately

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Monday - Sunday - 10.00 - 23.00

Open to the public

Monday - Sunday - 07.30 - 23.30

Live music

Monday - Sunday - 10.00 - 23.00

Agreement Overview

  • This pub is being offered on a traditional rolling tenancy agreement that is subject to a five year rent review
  • This agreement is covered by the ‘Landlord & Tenant Act’
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page