Friars Vaults Haverfordwest

5 Castle Square, Haverfordwest, SA61 2AB

  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest
  • Friars Vaults Haverfordwest

Friars Vaults Haverfordwest

Busy Market Town Local

The Friars Vaults is ideally situated right in the main shopping square of the market town of Haverfordwest which is the most populated urban area of Pembrokeshire, Wales. Situated just off the A40 and only a short 20-minute drive from the beautiful Pembrokeshire coastline and National Park. The Friars Vaults is very popular with locals and visitors to the area who want to relax and enjoy excellent food and drink offer in welcoming surroundings. With a well thought out entertainment, including quiz nights, live music and charity events, and the introduction of pool and darts teams the operator would help boot mid-week trade for the business all year round.

Passionate, Friendly, and Driven Operator Wanted

Do you have a positive and driving attitude and a clear vision for how you can bring success to this pub? If so, we want to hear from you. We are looking for someone that can serve excellent products with passion and quality and have the ability to drive trade with fantastic food and drink offer. Catering experience and knowledge is essential

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

Trading Areas & Facilities

The Friars Vaults consists of both a bar and lounge trading area with the bar servery situated to the front of the pub. There is a large catering kitchen on-site and ample seating throughout the pub to accommodate circa 90 covers. There is a separate area to accommodate a pool table and has a great outside trading space to the rear of the pub with bench-style seating and a bright and vibrant mural on the wall.

Private Accommodation

The private accommodation at the Friars Vaults consists of 3 bedrooms, bathrooms, kitchen, and living area. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 00:30 08:00 - 00:30 08:00 - 01:30 08:00 - 00:30 08:00 - 02:00 08:00 - 02:00 08:00 - 00:30

Financials

Annual Rent £
19,600
Estimated Tenants Annual Operating Profit £
24,798
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
322,453
Estimated Annual Barrelage
162

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
20,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
4,900
Rent In Advance £
377
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
36,897
Estimated Minimum Ingoing Costs £
14,997

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,737
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased