If you are looking to lease a pub in Aberystwyth, you could run The Vale of Rheidol !
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Lease A Pub In Aberystwyth – Run The Vale of Rheidol
The Vale of Rheidol is a fantastically presented community pub, situated on the busy road through Aberystwyth. The pub is prominently located across from the busy train and bus station it benefits from both visiting tourists and a supportive local clientele. Aberystwyth is popular market town, home to a University which sees the population almost double during term times. In the summer months Aberystwyth welcomes an influx of tourists enjoying all things this thriving seaside town has offer.
Pub Layout
The Vale underwent a £125,000 renovation in late 2019, this has given the pub a fantastic new lease of life. The renovation has been sympathetic in keeping the true community pub feel but with modern and refreshing elements. The new fixtures and fittings create a welcoming ambiance which are perfectly balanced with electric furniture, both loose and fixed. The new signage scheme and lighting gives the pub a great curb side appeal and is welcoming for both tourists and the locals. The Vale is traditional and offers an affective one room operation with a well stocked bar providing ease of service to staff and management.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Vale Of Rheidol, Aberystwyth
The Vale of Rheidol is a drinks focused pub with a good range of premium lagers and spirits, the current offer is sports focused with both sky and BT sports, The pub has opportunities to develop its own pool and darts teams, introducing quiz nights and live music would also be a welcome addition.
The Private accommodation is of good standard and consists of three bedrooms, kitchen bathroom and sitting room
The Vale Of Rheidol, Aberystwyth
Security Deposit: £2,000
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 2000
Annual Cost: 0
The Vale Of Rheidol, Aberystwyth
This is an exciting opportunity for a new Licensee. The pub underwent significant investment and now appeals to a younger audience who now use the pub since a wider drinks range has been offered employed to ensure the retail offer is relevant. Admiral seek a passionate and enthusiastic licensee well versed in social media, marketing and the energy to manage this very busy outlet.
