Blue Bell Conwy
Castle Street, Conwy, LL32 8AYAgreement Type:
Foundation Tenancy
View details for Blue Bell Conwy
Meirion Vaults Blaenau Ffestiniog
Meirion Vaults Blaenau Ffestiniog
High Street, Blaenau Ffestiniog, LL41 3AE Pub Code: 2301957101
Pub Code: 2301957101
Foundation TenancyEst Min Ingoing Costs: £28,400
Annual Rent: £29,000
The Meirion Vaults offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area
The pub benefits from being one of four pubs found in an area of around 1,836 adults. The local customer base is made up of young, midlife and mature adults.
The offer
The Meirion Vaults is available on our investment tenancy agreement. Click here for more information on this agreement.
The pub is being fully refurbished to become the go-to traditional pub in this proud, Welsh-speaking town. Just outside Snowdonia National Park, it benefits from strong local loyalty and steady tourist footfall year-round.
With 1,800+ adults nearby and minimal competition, it’s a prime site for a standout wet-led pub. The refresh will retain its classic charm while delivering a clean, welcoming space focused on great drinks, live sport, and community events. We're looking for a hands-on operator to revive this vital local hub.
We’re always open to new ideas, what would you do to drive trade?
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 pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- 56 internal seating
- Disused kitchen (scope to reinstate)
- SmartDispense draught system
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 2 bedrooms, kitchen, a living room, and bathroom
Estimated Total Ingoing Costs
£28,400
Estimated Minimum Ingoing Costs
£28,400
Annual Rent
£29,000
Estimated Annual Turnover
£449,963
Deposit
£7,250
Estimated Fixtures & Fittings Value
£12,650
Estimated Stock Valuation
£5,000
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:
High Street, Blaenau Ffestiniog, LL41 3AE
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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
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