Grand Hotel Port Talbot

Station Road, Port Talbot, Port Talbot SA13 1DE

  • Grand Hotel Port Talbot
  • Grand Hotel Port Talbot
  • Grand Hotel Port Talbot
  • Grand Hotel Port Talbot
  • Grand Hotel Port Talbot
  • Grand Hotel Port Talbot

Grand Hotel Port Talbot

"Plenty of Potential at the Grand Hotel This business is a fantastic opportunity for an operator with the vision to develop the Grand Hotel which is situated in the heart of Port Talbot. Located in a prominent position opposite the recently refurbished Port Talbot Parkway Railway Station, the pub benefits from plenty of passing trade. Port Talbot has a population of 37,000, providing an excellent customer base. Furthermore this South Wales town is going through a period of regeneration. The current offer is focused on the bar & restaurant trade, along with weekly line up of entertainment including live bands and cabaret performances. A superb opportunity exists to focus on maximising the occupancy at this site, which could provide a generous revenue stream. Looking for a Visionary Operator with Drive & Determination Accommodation experience is understandably essential for the smooth running of this proposition and you will need plenty of ideas for the pub/restaurant aspect of the business."

Pub Features

  • Rolling Tenancy
  • Weekly Billing

Trading Area & Facilities

Internally the Grand Hotel is in need of modernisation, it would benefit from improved room standards and some updating works to the main bar. Externally the site has a beer garden and a car park to the rear to accommodate 25 vehicles.

Private Accommodation

No private accommodation.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
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