Ponthir House Newport
Ponthir, Newport, NP18 1PGAgreement Type:
Foundation Tenancy
View details for Ponthir House Newport
Meirion Vaults Blaenau Ffestiniog
Meirion Vaults Blaenau Ffestiniog
High Street, Blaenau Ffestiniog, LL41 3AE Pub Code: 2301957101
Pub Code: 2301957101
Foundation TenancyEst Min Ingoing Costs: £10,416
Annual Rent: £22,997
The area
The Meirion Vaults is located in the town of Blaenau Ffestiniog, close to Snowdonia National Park. The pub is located on the high street and is surrounded by shops, hotels and restaurants.
Demographics
The pub benefits from being one of 3 pubs found in an area of around 1,400 adults. The area is mainly made up of middle aged to mature adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong wet-led offer. There is potential to introduce food as the pub has the benefit of a catering kitchen.
The pub has the ability to drive trade through live sports, entertainment and a solid rhythm of the week activity to bring the local community together and provide something for all the locals to enjoy. It offers a selection of popular beers, ciders, wines and spirits, and coffees.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...
Trading Area & Facilities
- Main trading area with bar
- Separate snug area with fireplace
- Approx 26 internal covers
- Catering kitchen
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, bathroom and living room.
Estimated Total Ingoing Costs
£18,144
Estimated Minimum Ingoing Costs
£10,416
Annual Rent
£22,997
Estimated Annual Turnover
£383,050
Deposit
£5,749
Estimated Fixtures & Fittings Value
£3,895
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
High Street, Blaenau Ffestiniog, LL41 3AE
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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