If you are looking for a pub tenancy in Aberdare, run The Conway !
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Pub Tenancy In Aberdare – Run The Conway Inn
Situated on the bustling main high street of Aberdare town centre, the Conway is nestled in the heart of this historic mining town within the Cynon Valley of Rhondda Cynon Taff. Positioned just four miles southwest of Merthyr Tydfil and 20 miles north of Cardiff, the pub enjoys prime real estate on a main road, just off the high street, surrounded by a vibrant array of local shops and amenities. Conveniently, the pub is within easy walking distance of the bus and train stations, facilitating excellent connectivity to and from surrounding towns.
Pub Layout
Boasting a charming character, the Conway welcomes patrons into a small but inviting high street pub. The entrance leads to a cozy lounge area featuring a mix of fixed and loose seating, accommodating approximately 16 covers. Ascending two small steps, visitors reach a well-appointed bar. Beyond the bar, a second lounge area to the rear provides additional seating for approximately 16 guests. The men’s toilets are conveniently situated just past the bar through a doorway, while the ladies’ facilities are located on the first floor.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Historically renowned as a wet-led pub specializing in draught products and some cask ale, the Conway presents an exciting opportunity to tap into the burgeoning craft ale market. Introducing new products can attract a fresh clientele while enhancing the experience for existing patrons. While the pub does not accommodate sports teams or feature amenities like a pool table or dartboard due to space constraints, it remains a favoured venue for televised sporting events. With a history of offering both Sky and BT Sports, the Conway has garnered popularity, especially during televised rugby matches. Notably, the pub’s commercial kitchen, although dormant for several years, presents substantial potential for the development of a robust food service, adding a new dimension to the Conway’s offerings.
Private Accommodation
The private accommodation consists of two bedrooms, a bathroom and a lounge. There is no private kitchen in the accommodation.
The Conway Inn
Annual Rent: £16,500
Security Deposit: £5,000
Working Capital: £2,000
Stock: £3,000
F&F: TBC – Funding options may be available for the right licensee
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
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). 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.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
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 – £60.89 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.
*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
Ingoing Cost: 10000
Annual Cost: 16500
The Conway Inn
We are looking for a passionate and driven individual or couple who have excellent retail standards who can not only preserve the long history of the Conway but also help drive it forward and cement it’s place in a busy town. There is an opportunity to introduce new elements to the pub to try and attract new customers to the site whilst preserving the loyalty of the existing customers. Craft ale would be one area to explore given the current market trends and consumer insight. Food would also be another area to consider whether this was bar snacks to start with and then moving onto themed food nights or a full menu which again would offer something different. This would position the Conway in a great place to compete with the competition and gain further income for the site as well as attracting new customers.
