Taffs Well Inn Cardiff

Cardiff Road, CF15 7PR

  • Taffs Well Inn Cardiff
  • Taffs Well Inn Cardiff
  • Taffs Well Inn Cardiff
  • Taffs Well Inn Cardiff

Taffs Well Inn Cardiff

A complete refurbishment and redecoration will transform The Taffs Well Inn.

The Taffs Well Inn occupies a prime position at the heart of the village of Taffs Well, just three miles north of Cardiff. This ideal location lies on the Taffs Trail, popular with ramblers and cyclists alike. Situated close to the historical Castell Coch and the local rugby club, and with over 3100 adults living within a one-mile radius, the Taffs Well Inn provides the perfect setting for a pub that appeals to both tourists and locals. A complete refurbishment and redecoration of the Taffs Well Inn will offer a cosy,
welcoming atmosphere in the winter, complete with a brand-new log burner. An increased number of external covers in the enhanced beer garden will maintain the appeal into the warmer months. This is a pub with great potential, all we're missing is the right person to drive it forward. So, could that be you?

Passionate community friendly operator Wanted

Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Smoking Area

Trading Area & Facilities

All trading areas at The Taffs Well Inn will be refurbished and full details are available in 'Refurbishment Plans' uploaded to this web page. Here is a summary of all the trading areas at The Taffs Well Inn.
The existing fully functional commercial kitchen will be redecorated to refresh the space, ready to facilitate the new food menu
The bar servery will be redecorated in line with the modern updates to enhance the style and feel of the pub. The dining area will be entirely refurbished and redecorated to add character, with new features added to enhance the welcoming ambiance of the venue. This area will provide a space where customers can come to relax and enjoy the full range of food and drink on offer.
The beer garden will undergo a complete renovation creating a well-thought out space, increasing the number of covers and
providing an area for customers to relax surrounded by the stunning Welsh scenery.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where significant investment is made in a pub by Star Pubs & Bars, an 'Investment Exemption' will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016)

Private Accommodation

The private accommodation at Taffs Well consists of 2 bedrooms, bathroom, Kitchen, and lounge area. 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

Premises Licence Opening Hours

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

Financials

Annual Rent £
25,250
Estimated Annual FMOP (Licensee Profit) £
27,385
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
350,461
Estimated Annual Barrelage
231

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
23,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
6,313
Rent In Advance £
486
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 £
35,984
Estimated Minimum Ingoing Costs £
11,289

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 £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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