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The Crafty Scholar Lancaster

Pubs & Bars • 33-37 Church Street, Lancaster, Lancashire LA1 1LP Management opportunity
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Summary

The Crafty Scholar is the go to place to watch live sport, have a bite to eat, meet friends or gather for a private party. Recently refurbished with modern and stylish interiors the site is spread over 2 floors.

Description

The Crafty Scholar is the go to place to watch live sport, have a bite to eat, meet friends or gather for a private party. Recently refurbished with modern and stylish interiors the site is spread over 2 floors. The ground floor has a large open plan bar and dining area with seating for in excess of 100 along with a raised dance floor and DJ booth. The first floor can be incorporated into the whole venue or be utilised as a seperate function space with its own bar. The site is popular with locals, shoppers and students offering a wide selection of brands, a full menu, live sport and entertainment.  Key Features • Centrally located in the heart of Lancaster City centre with a small outside seating area. • Large ground floor open plan bar area with covers in excess of 100+ • Raised dance floor, DJ booth and photo booth. • First floor open plan bar/function space. • Well equipped catering kitchen. • 2 bedroom private accommodation. Business & Financial Information • Estimated ingoings (upfront): £19,545 • Full deposit: £18,750 • Agreement fee: £795 • Guide rent (weekly): £1,442 • Guide rent (annual): £75,000 • Forecast turnover (weekly): £1,149,395 • Forecast turnover (annual): £1,149,394 Ideal Operator Stonegate Pub Partners are seeking an operator with experience of city centre high volume food and drink operations. The ideal operator needs to have knowledge of the local student market along with a true entrepreneurial flair to deliver this diverse offer. This site would suit an individual or multiple operator. Private Accommodation 2 bedroom managers flat with lounge, kitchen and bathroom situated on the top floor. Regional Manager's Thoughts The Crafty Scholar is famous for its sports coverage, a great party destination for students and the perfect venue to host a function. The open plan layout creates a great dining space for shoppers to stop and grab a bite to eat, for families and friends to gather or footy fans to emerse themselves in the game. The potential for this site is vast and offers a huge opportunity to right operator. There is massive potential to significantly grow this multi-facetted business and build upon its reputation as being one of Lancaster's best venues for sport, food & music. A targeted marketing strategy that combines local promotions, social media engagement, and exciting events that appeal to locals and the student market will be key to its success. We will require an experienced operator who has the passion and a vision to take this site to the next level as one of Lancaster's premier venues. Surrounding Area The Crafty Scholar Pub in Lancaster is conveniently located in the very heart of Lancaster surrounded by bars, cafes, shops and a cinema. It is also near several popular attractions that you can explore while visiting the city.  Lancaster Castle (just a short walk) A historic landmark dating back over 1,000 years, Lancaster Castle is one of the most iconic attractions in the city. You can take guided tours of the castle, explore the dungeons, or visit the Shire Hall. Lancaster Priory (around 5 minutes' walk) A beautiful medieval church with origins dating back to the 11th century, located next to the castle. The Grand Theatre (about 10 minutes' walk) One of the oldest theatres in the UK, offering a variety of performances from drama to musicals. ​​​​​​​Williamson Park (around 15-20 minutes' walk) A large, beautiful park offering great views of Lancaster and the surrounding countryside. ​​​​​​​Lancaster Maritime Museum (about 10 minutes' walk) Located in the former Custom House, this museum tells the story of Lancaster’s maritime history. ​​​​​​​The Duckworth Gallery (about 5 minutes' walk) A contemporary art gallery showcasing a range of exhibitions from local and national artists. These attractions are all within walking distance from The Crafty Scholar Pub, making it an ideal starting point for a day of exploring Lancaster.

Upfront cost

£19,545
Cost type: Upfront

Key facts

Upfront cost
£19,545
Turnover (annual)
£1,149,394
Rent
£75,000 (annual)

Location

33-37 Church Street, Lancaster, Lancashire LA1 1LP
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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