Boverton Castle Hotel Llantwit Major

Boverton Castle, Llantwit Major CF61 1UH

  • Boverton Castle Hotel Llantwit Major

Boverton Castle Hotel Llantwit Major

Friendly Premier Village Local

The newly refurbished Boverton Castle will become an exciting, friendly premium local pub and dining venue in the attractive town of Llantwit Major conveniently located on a busy road, surrounded by shops and a densely populated residential neighbourhood. With over 2,000 adults living within half a mile, it receives high footfall of families and locals who are looking for a welcoming venue. As the only pub in a half-mile radius, it will become the hub for the whole community to socialise over a casual drink or great food. The improved beer garden and interior layout will create a vibrant and characterful atmosphere for customers to enjoy a drink outdoors during the warmer months, or a cosy meal by the fireplace throughout winter.

With a fantastic beer garden, a great food offer, premium drinks and a host of events, The Boverton Castle will be able to trade throughout the whole day. It will attract a wide range of customers from the whole community thanks to the relaxed bar area atmosphere and the more sophisticated dining offer - all ensuring it stands out from competitors. This is a pub with incredible potential. All we're missing is the right person to take it forward. Could this be you?

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 friendly premier local? 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

Trading Area & Facilities

All trading areas will be refurbished as part of the investment plan, here is a summary of the trading areas, full details are found in the attachment 'Refurbishment Details'
In the lounge, the bar servery will be relocated to optimise the use of space and add extra covers.
The bar area will be fully refurbished to provide a lively atmosphere for customers to enjoy a quality drink or enjoy live sports and events.
The lounge / dining area will be redecorated to create a warm and welcoming atmosphere for customers to enjoy the great food offer or a relaxing drink.

The outdoor spaces will be updated to create a vibrant environment and increase kerb appeal.
There is also a car park with capacity for 10/12 cars to accommodate passing trade.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where significant investment is made in a pub by Star Pubs & Bars, an 'Investment Exemption' will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016)

Private Accommodation

The private accommodation at The Boverton Castle consists of two 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 £
28,900
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 £
46,181
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