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.
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.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
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MISREPRESENTATION ACT 1967
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