Rock Hotel Porthcawl

98 John Street, Porthcawl CF36 3DT

  • Rock Hotel Porthcawl
  • Rock Hotel Porthcawl
  • Rock Hotel Porthcawl
  • Rock Hotel Porthcawl
  • Rock Hotel Porthcawl
  • Rock Hotel Porthcawl
  • Rock Hotel Porthcawl

Rock Hotel Porthcawl

Situated on the busy high street circuit of Porthcawl, this is a large well presented pub with broad appeal.

The pub enjoys a prominent corner location which helps drive passing trade. There is a proposed signage upgrade scheme that will lift the overall kerb appeal of the pub, details can be discussed with BDM as part of the interview process.

The current offer is at the value end of the market with regular food and drink offers. These are supported by a strong sports following, live music, quiz nights and karaoke. This is a fabulous pub for an operator with experience of delivering a high volume, value offer.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The internal trade area consists of a bar, lounge and large function room These have been recently refurbished and are in excellent condition.

With over 100 covers this pub can accommodate and a catering kitchen, this pub can support a large number of diners and drinkers.

There is a large external trade area to the rear of the pub that is popular in summer months.

Private Accommodation

The private accommodation consists of four bedrooms, lounge, bathroom and kitchen.

Premises Licence Details

See premises licence for more details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 23:30 08:00 - 23:30 08:00 - 23:30 08:00 - 23:30 08:00 - 01:30 08:00 - 01:30 08:00 - 23:00

Financials

Annual Rent £
27,000
Estimated Annual FMOP (Licensee Profit) £
29,395
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
402,526
Estimated Annual Barrelage
200

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 £
7,500
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
7,500
Deposit Amount £
6,750
Rent In Advance £
519
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 £
24,454
Estimated Minimum Ingoing Costs £
14,935

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) £
5,950

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