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RegisterFriars Vaults Haverfordwest
Friars Vaults Haverfordwest
5, Castle Square, Haverfordwest, SA61 2AB Pub Code: 2301950101
Pub Code: 2301950101
Foundation TenancyEst Min Ingoing Costs: £12,167
Annual Rent: £20,000
Coming soon! Fantastic Community pub in a great location
We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications in the meantime so apply today
What would you do with this pub to make it a success ?
The area
The Friars Vaults is located in the market town of Haverfordwest, which is the most populated urban area of Pembrokeshire. location surrounded by countryside and residential housing.
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.
Demographics
The pub benefits from being located in the heart of Haverfordwest and part of the town centre circuit in an area of around 3188 adults. The pub attracts a great mix of customers from Young to Mature adults as well as tourists to the area.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 20/80 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and selection of pubs games, such as pool. It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and coffees.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their 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
- Lounge / dining area
- Pool Table
- 90 internal covers
- 30 external covers
- Large catering kitchen
- Courtyard outside trading area
Private Accommodation
Private accommodation consists of 3 bedrooms, bathroom, kitchen, a living room.
Estimated Total Ingoing Costs
£35,500
Estimated Minimum Ingoing Costs
£12,167
Annual Rent
£20,000
Estimated Annual Turnover
£312,000
Deposit
£5,000
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£7,000
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:
5, Castle Square, Haverfordwest, SA61 2AB
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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
