If you are looking for pub tenancies in Port Talbot, you could run The Somerset Arms !
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Pub Tenancies In Port Talbot – Run The Somerset Arms
The Somerset Arms is a large roadside pub in Port Talbot. It consists of a large bar and lounge, a well equipped catering kitchen and car parking for over 40 cars. The private accommodation consists of three bedrooms. The pub currently offers a great welcome to its loyal drinks led customers and good value family dining. The pub has recently been refurbished and while it retains a traditional layout also has some contemporary touches..
As you enter the pub you are welcomed by a spacious bar. There is eating and drinking throughout the pub. The pub is traditionally decorated throughout and has been well kept by the outgoing publican. There is a mixture of wooden fixed and loose seating that can be re-arranged to a new seating plan, if required. The lounge is a smaller area with a much warmer and cosy feel with an open fireplace and exposed wooden beams.
There are two separate patio areas to the front and side of the pub that can be used for outside drinking and dining.
Private Accommodation
Substantial family accomodation on the first floor of the pub. The accommodation comprises three bedrooms, a lounge, kitchen and bathroom.
Forecast Turnover: £377,665.65
Year 1 Rent: £0.00
Guide Rent: £22,000.00
Initial Deposit: £0.00
Full Deposit: £5,500.00
Full Tie Release: £39,750.00
Agreement Fee: £750.00
Repair Fund: £2,500.00
Fixtures & Fittings: £8,000.00
Working Capital: £13,621.00
Stock & Glassware: £4,000.00
Cash Float: £1,500.00
Forecast Wet Turnover: £284,420.30
Forecast Dry Turnover: £93,245.36
Forecast Other Turnover: £0.00
I am looking for a publican that can continue catering for the local community. You will need to have strong catering skills and the ability to drive footfall to the pub. The Somerset Arms is in need of some investment and nurturing; therefore, I need a publican with an achievable five year plan on how to develop this pub business further.
