Are you looking to lease a pub in Wales? You could run ‘The Cross Keys’ Llantrisant !
Here at Love Your Pub, we know all about the best pubs becoming available.
To take the next steps towards your hospitality career, click the link below.
Lease A Pub In Wales – Run The Cross Keys Llantrisant
The Cross Keys is situated in the centre of Llantrisant village which lies between Pontyclun and Pontypridd. Llantrisant is located in the Rhondda Cynon Taff overlooking the Vale of Glamorgan and the River Ely and is home to the Royal Mint. The pub is situated on the edge of a retail park, so the pub is in a prominent position attract locals and passing traffic.
Pub Layout
On arrival through the front door, you are greeted with a large well-maintained horseshoe bar with a pool table on the right and a selection of seating including a raised relaxed area with sofas and dart board. There are traditional wooden floors throughout the bar area. To the left of the bar there is a dining area which can seat 30 covers, and a raised area often used as a stage for weekly entertainment. The ladies and gents toilets are situated away from the main bar area leading out to a paved garden with benches and a small sheltered area. The kitchen has a two-door entry and is well equipped. The upstairs has been renovated into a function room with its a own separate bar and toilets.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Lease A Pub In Wales
The Cross Keys is a community pub in a thriving local area. Although food is not currently offered there is an opportunity to introduce a basic menu choice appealing to many of the locals and passing trade. The staging area proves popular with weekend entertainment. The pub is home to both a pool table and darts board which boosts mid week trade. Televised sports events such as football, rugby and racing is very popular. The previous licensee has had great success by offering numerous televisions allowing the customers to enjoy a drink whilst watching sport.
Private Accommodation
The accommodation can be reached through a separate door from the street or through the pub. This consists of one en-suite room which is used as a letting room with a further two bedrooms and bathroom. It would suit either a family using the three rooms or could continue to be used as letting accommodation.
Annual Rent: £17,000
Security Deposit: £5,000
Working Capital: £3,000
Stock: £2,500
F&F: TBC – Funding options may be available for the right licensee
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
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)
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
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: 10500
Annual Cost: 17000
The Cross Keys, Llantrisant
We are looking for a passionate and driven individual or couple who is familiar with the local area. You will need to have the vision and skills to continue to grow this great pub. The re-launch of a good solid food offer is essential to cater to the ends of the locals and visiting tourists.
