Blacksmiths Arms Llantwit Major
Llanmaes, Llantwit Major, CF61 2XRAgreement Type: Investment Tenancy
View details for Blacksmiths Arms Llantwit Major
Boverton Castle Hotel Llantwit Major
Boverton Castle, Llantwit Major, CF61 1UH
Pub Code: 2301945101
Key Features
- Good Village Location
- Great food & drink opportunity
- Fantastic outside trading space
- Function room
- Car Park
Est Min Ingoing Costs: £15,092
Annual Rent: £19,106
More Information
Friendly Village Local
The Boverton Castle is located on the main road in the attractive village of Boverton, Llantwit Major. Surrounded by shops and houses and opposite the Castle of Boverton tourist attraction. An ideal venue for locals and visitors looking for a welcoming place to enjoy a relaxing drink or bite to eat. It is also very popular with families and friends looking for a game of pool or to watch live sporting events. Only a short 10-minute walk from Llantwit Major train station with regular connections to both Swansea and Cardiff. The Boverton can also enjoy the footfall generated from a new housing development and a large car factory located only a few miles away.
The Pub has a function room with the capacity to accommodate cc 50 people. This is an extra income opportunity for the operator. It is in need of a bit of upgrading.
The beer garden at the Boverton Castle is a great outside space for customers to enjoy an alfresco drink or meal during the warmer months. By adding heaters, the operator could utilise this space all year round.
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
The Boverton Castle is well maintained and in good order throughout. Consists of a bar and lounge areas each with their own bar servery. It has a bright and open feel with ample seating throughout.
There is a catering kitchen on-site to accommodate cc 60 covers, 20 in the Bar area, and 40 in the lounge area. Sports area with pool table and Dart Board and large TV’s throughout showing all live sporting events.
The function room is situated on the first floor with a capacity of 50 people, this room is currently tired and in need of a small investment.
Externally the pub has a beer garden and a car park.
There is a catering kitchen on-site to accommodate cc 60 covers, 20 in the Bar area, and 40 in the lounge area. Sports area with pool table and Dart Board and large TV’s throughout showing all live sporting events.
The function room is situated on the first floor with a capacity of 50 people, this room is currently tired and in need of a small investment.
Externally the pub has a beer garden and a car park.
Private Accommodation
The private accommodation at The Boverton Castle consists of two bedrooms, a bathroom and a kitchen with a 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.
| Annual Rent | £ 19,106 |
| Estimated Annual Turnover | £ 309,429 |
| Estimated Fixtures & Fittings Value | £ 13,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 31,277 |
| Estimated Minimum Ingoing Costs | £ 15,092 |
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:
Boverton Castle, Llantwit Major, CF61 1UH
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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