Boverton Castle Hotel Llantwit Major

Boverton Castle, Llantwit Major CF61 1UH

  • Boverton Castle Hotel Llantwit Major

Boverton Castle Hotel Llantwit Major

Vibrant Village Local

Boverton Castle is ideally located in the Vale of Glamorgan only a mile away from the town of Llantwit Major and only 15 miles away from Cardiff City Centre. There is also a train station located in the town with a direct line into Cardiff. Situated just off the B4265 and only a 10 minute drive from the beautiful Heritage coast line.

Currently much loved by professionals and families who surround the site, this family friendly pub offers a superb atmosphere. With a Catering Kitchen on site there is a potential to create and develop a great food offer which could be served in a relaxing lounge area with its own bar serving the perfect pint. The Boverton Castle also has a separate Bar with traditional pub games such as pool table this also has its own bar servery. There is a large function room on the 1st floor which is a great opportunity to add to your income stream. With a suntrap trading space outside and a car park to support the passing visitor trade, The Boverton Castle has the potential to be a magnet for locals and visitors to the area.

Passionate community friendly operator Wanted

Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The pub is a two room operation with separate door entries. One room is currently used as a bar area with pool table and TV screens and the other is used as a Lounge / food serving area, both are serviced by their own bars. There is a catering kitchen on site with capacity to cater for up to 30 covers. To the side of the pub is an appealing grassed outside trading area that is a great suntrap for those warm sunny days. On the 1st floor of the pub there is a large function room with its own toilet facilities ideal for hiring out for parties which generates an additional income stream for the tenant. Outside the Boverton Castle has a car park with capacity of 10/12 cars.

Private Accommodation

The private accommodation at The Boverton Castle consists of 2 bedrooms, bathroom, and Kitchen with lounge 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
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:30 11:00 - 00:30 11:00 - 23:00

Financials

Annual Rent £
37,500
Estimated Annual FMOP (Licensee Profit) £
40,264
Representative HEINEKEN UK Brand Discount Per Barrel £
133
Estimated Annual Turnover £
554,969
Estimated Annual Barrelage
300

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).

Historical volume figures may not include purchases made through 3rd Parties.

** 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 £
5,000
Deposit Amount £
9,375
Rent In Advance £
721
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
37,281
Estimated Minimum Ingoing Costs £
13,435

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 £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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