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Abergavenny is a large market town and community in Monmouthshire, Wales. The town of Abergavenny is promoted as a Gateway to Wales. It is located on the A40 trunk road and the A465 Heads of the Valleys road and is approximately 6 miles from the border with England. A bustling town with a wide variety of shops and markets along with attractions for both locals and tourists. The pubs sits on the edge of the town centre on a busy crossroads, with Baileys park directly behind the pub which holds various local events throughout the year. The population of the town is estimated at 12,500.
On entering from the main doors you are greeted with a spacious wooden panelled bar which is well stocked with an array of spirits, lager and cask ale. The left hand side lends itself to a sports area with a pool table, darts board and plasma television. To the right hand side of the bar is a carpeted area with fixed seating and low tables and chairs and has a more relaxed bar feel. It still retains original wooden beams and stone walls. The kitchen can be accessed directly from the bar area. Externally there are a number of picnic benches along with a car parking for four cars.
The Bailey pub trades predominantly to the immediate local community but has considerable potential to develop business further by introducing a food offer for locals and passing trade and those using the park to the rear. The pub benefits from a purpose-built kitchen which is currently under utilized and does not take advantage of the opportunity that exists. The location on a busy junction also provides a strong opportunity for marketing with continuous passing pedestrians and traffic throughout the day.
The Private accommodation consist of three bedrooms, sitting room, bathroom and kitchen
Annual Rent: £15,000
Security Deposit: £4,000
Working Capital: £2,000
Fixtures and Fittings: Upon Valuation – Funding options 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: £250 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
The Bailey is very much a traditional locals pub catering in the main to the local community but with the ability to attract custom from further afield, dependent on providing an offer that will encourage destination custom through food end entertainment offers. The successful applicant will need to embrace the local community. Team sports, regular entertainment and building a weekly program of events will be essential in driving the pub forwards. The site benefits from a catering kitchen which is underutilized and offers the potential to introduce a food offer which would capture further local trade and encourage passing and tourist trade.
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)
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
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
Training – This is required when taking on a Business Support Agreement. Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester. Please note, you will be required to attend this workshop before signing a long term tenancy agreement.