Licensee - The Crown & Glastonbury Backpackers
Minimum Ingoing Costs: £14,445
Annual Rent: £49,500
Annual Turnover: £559,430
Vibrant and Exciting Opportunity
Subject of a proposed refurbishment! Enjoying an enviable position in the center of the town of Glastonbury, The Crown & Glastonbury Backpackers is set in a 16th-century former coaching inn. The town is famous for its cultural festivals and music events, most notably the world-famous Glastonbury Music Festival held just outside the town.
This well-established business has a public bar and 7 letting rooms including a twin room, 3 en-suite doubles and variety of hostel rooms. The Crown & Glastonbury Backpackers is a unique, vibrant and colourful venue where locals and visitors meet and socialise. It is known for live sports and its late bar, which is licenced to 3.30am at weekends and features live bands and DJ's.
As part of the current offer, the pub has a 80 / 20 split between wet and letting, with real potential for further growth across the business particularly in the accommodation trade by offering innovative packages.
Ambitious and Engaged Operator Needed
This is an exciting business opportunity with the chance to take advantage of the pub’s brilliant location to further develop the bar and rooms trade, as well as engage with the local population. Knowledge of the surrounding area and all that it offers would be an advantage.
Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.