If you are looking to lease a pub in Swansea, you could run The Rhyddings Hotel !
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Lease A Pub In Swansea – Run The Rhyddings Hotel
Pub Overview
Complete refurbishment planned
A significant refurbishment will transform the Rhydding’s into a craft-led but traditional student pub. Redecorations throughout will breathe a new lease of life into this pub. Star Pubs & Bars investment will allow for all new flooring to be installed, new fixed seating, kitchen and bar upgrades, ‘instagrammable’ Beaverton beer and a full redecoration of the exterior of the pub.
Inside the pub will be revamped from top to bottom with an all-new look. Externally the new beer garden will appeal to the high volume of students in the area.
Trading areas and facilities:
The Rhyddings Hotel will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
Sports area
103internal covers
52 external covers
Up graded kitchen
SmartDispense
Beavertown beer garden
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a 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:
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
City centre location
The Rhydding’s is located in the suburb of Brynmill, Swansea. Brynmill is a suburb of Swansea. It lies about two miles to the west of the centre. It is a residential area, close to Swansea University. Many students choose to rent rooms here during term time. Aside from the student population, this is a fairly middle-class area. There are four other competitors in the area, so having the right offer is vital to attracting those and other locals.
Unmatched potential
The Rhydding’s is a well-known site in Swansea. The planned refurbishment and it’s local affiliation give the pub bags of potential. With new kitchen equipment, the pub will be able to provide a simple food offer as well as tap into the existing but growing local circuit for craft beers. The pubs décor will make it stand out and clearly signal the craft offering. Many of the competitor pubs serve craft but lack the vibe of the Rhydding’s. 103 internal and 52 external covers will set up the pub to be the best bar in the area. This is a pub business with great potential, all we’re missing is the right person to drive it forward.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring
The right operator for the pub will have extensive experience in a similar hospitality bu
sinesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their 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 pubs next chapter…
Target customers:
The newly refurbished Rhyddings will appeal to
Predominantly students of the nearby Swansea University and young professionals
Young professionals who live close-by
Offer
The newly refurbished Rhyddings will offer:
A simple ‘with beer’ food with a focus on burgers, sharers, and sides. It’s drinks will be led by an offering of craft beers from market leading brands such as Beavertown and Brixton.
Premium lagers, premium spirits, and cocktails will also feature on the menu.
The students and local adults will be able to use the venue to meet up or work from during the day and meet friends and colleagues to socialise with in the evening, both indoor and out.
Monthly entertainment, such as live sport and music will also play a role in the pubs offer.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Rhyddings Hotel Swansea
Pub Financials
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.
The Rhyddings Hotel Swansea
The right operator for the pub will have extensive experience in a similar hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their 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 pubs next chapter…
