Are you looking to lease a pub in Wales ? You could run ‘The Boverton Castle Hotel’ in Llantwit Major it’s now available !
Here at Love Your Pub we know about all of the best pubs becoming available.
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In Wales – The Boverton Castle Hotel In Llantwit Major Is Available !
Surrounded by shops and houses and opposite the Castle of Boverton tourist attraction. An ideal venue for locals and visitors looking for a welcoming place to enjoy a relaxing drink or bite to eat. It is also very popular with families and friends looking for a game of pool or to watch live sporting events. Only a short 10-minute walk from Llantwit Major train station with regular connections to both Swansea and Cardiff. The Boverton can also enjoy the footfall generated from a new housing development and a large car factory located only a few miles away.
The Pub has a function room with the capacity to accommodate cc 50 people. This is an extra income opportunity for the operator. It is in need of a bit of upgrading.
The beer garden at the Boverton Castle is a great outside space for customers to enjoy an alfresco drink or meal during the warmer months. By adding heaters, the operator could utilise this space all year round.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Trading Area & Facilities
The Boverton Castle is well maintained and in good order throughout. Consists of a bar and lounge areas each with their own bar servery. It has a bright and open feel with ample seating throughout.
There is a catering kitchen on-site to accommodate cc 60 covers, 20 in the Bar area, and 40 in the lounge area. Sports area with pool table and Dart Board and large TV’s throughout showing all live sporting events.
The function room is situated on the first floor with a capacity of 50 people, this room is currently tired and in need of a small investment.
Externally the pub has a beer garden and a car park.
Private Accommodation
The private accommodation at The Boverton Castle consists of two bedrooms, a bathroom and a kitchen with a 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
Lease A Pub In Wales – The Boverton Castle Hotel In Llantwit Major Is Available !
Pub Financials
Annual Rent £25,404
Estimated Tenants Annual Operating Profit £26,528
Representative HEINEKEN UK Brand Discount Per Barrel £175
Estimated Annual Turnover £380,459
Estimated Annual Barrelage
225
* 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
Your Investment
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £3,980
Estimated Fixtures and Fittings Valuation Fee £250
Estimated Stock Valuation £10,000
Deposit Amount £6,351
Rent in Advance £489
Training Fee £425
Estimated Designated Premises Supervisor / Manager Fee £60
Premises Licence Fee £180
Rates Assessment Fee £55
Estimated Legal Fees £650
Estimated Total Ingoing Costs £22,109
Estimated Minimum Ingoing Costs £15,109
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £2,969
Estimated Annual Maintenance Compliance Charge £1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £6108
Estimated Annual Repairs Fund £1300
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
** 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
Passionate community operator wanted!
Do you have a clear vision for how you can promote and drive your business? We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by delivering unique and fantastic food and drink offer is essential.
This is a pub with incredible potential. Are you the right person to make this happen? If so, we want to hear from you.
