New Penn Llanedeyrn

Pennsylvania Estate, Cardiff, Cardiff CF23 9PW

  • New Penn Llanedeyrn
  • New Penn Llanedeyrn
  • New Penn Llanedeyrn
  • New Penn Llanedeyrn
  • New Penn Llanedeyrn
  • New Penn Llanedeyrn
  • New Penn Llanedeyrn
  • New Penn Llanedeyrn

New Penn Llanedeyrn

Lively Local Pub

The New Penn is an attractive modern looking pub, nestled amongst a housing estate in Llanedeyrn, a suburb of Cardiff. Due to receive a multi-million pound regeneration scheme creating new homes, a modern shopping centre just a few minutes away and new roads, this town will be transformed into a desirable residential district.

At present, the New Penn drinks range is limited to standard beers and ciders which presents a superb opportunity to introduce some local cask ales and craft beers. The introduction of an affordable, simple food offer would act as a fantastic way to increase dwell time of current customers and appeal to customers from slightly farther afield. A focus on standards and providing a family friendly atmosphere would encourage further support from the families that surround it. Engaging the community will be the key to success and so weekly agenda of entertainment should be considered when completing a business plan.

Creative Community Operator Wanted

Are you a passionate and vibrant operator? If so, we would love to hear from you. You will also need to demonstrate business management skills such as people management, financial management and customer service.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

New Penn consists of two open trading areas, one is currently used as a bar with a pool table, darts board and TV's and the other is a large lounge area ideal for serving food. Currently the carting kitchen is unused due to requiring an upgrading but potentially offers the business a great opportunity to introduce an excellent food offer. Both rooms are serviced by a large centrally linked bar. There are bench style seating to the front of the site which will increase your trading area in the summer months. To the rear of the New Penn is a fully functional Skittle Ally adding an additional income steam to the business.
A car park is also on site with a capacity of 10 plus cars.

Private Accommodation

The private accommodation at New Penn consists of 3 bedrooms, bathroom, Kitchen and lounge area all needing a bit of upgrading but 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

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 00:00 11:00 - 00:00 11:00 - 00:30 11:00 - 00:30 12:00 - 23:00

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