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Albert Inn, Caernarfon

Caernarfon, LL55 2PN

Your investment

£9,500

Agreement Type

Tenancy
  • Views over the marina and castle
  • Well established trade
  • Good beer garden

The Albert is an end of terrace property facing Caernarfon Marina & Castle. It is located just back from the main square in Caernarfon a popular circuit venue at weekends and a huge tourist attraction annually with a higher visit frequency in the summer. Caernarfon is a royal town, community and port in Gwynnyedd, with a population of 9,852. It lies along the A487 road on the eastern shore of the Menai Strait opposite the Isle of Anglesey. The city of Bangor is 8.6 miles to the north-east, while Snowdonia fringes Caernarfon to the east and south-east.

Pub Layout

The Albert has two entrances, to the side and font, which take you in to a well-appointed one bar open plan pub. There is a cosy snug area which has good views of the marina and castle, with a pool zone and raised area that hosts visiting bands and performers at the weekend. The main bar is well stocked with a variety of popular brands and premium brands in all categories. The external rear bar garden has been planned well and has two elements, a sheltered TV area and an open clean well maintained area for al fresco socialising.

 

The Albert trades very much as an evening venue as has a late license, holding regular karaoke/disco and live entertainment. This is a local’s local primarily, but dos have it’s share of the annual tourist trade. Midweek the venue trades on live Sports TV – having BT and Sky, quiz nights and charity fund raiser evenings

 

 

Private Accommodation

The private accommodation consists of a large living room, dining room, well-appointed kitchen, three bedrooms and large bathroom & WC

 

Annual Rent: Circa £17,500

Security Deposit: £5,000

Working Capital: £1,500

Stock: £3,000

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.

 

Suitable for a first time operator as a starter pub, the Albert is very much a local’s local and will be the main focus of the trade serving really great beer from standard ranges to premium. A variety of entertainment will drive business; Sky Sports, BT sports, live entertainment, disco/ karaoke and pub games such as quiz nights.

 

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.


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