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Hafodyrynys Hotel, Newport

Newport, NP11 5BE

Your investment

£10,000

Agreement Type

Tenancy

The Hafodyrynys hotel has been an inn since the early 1870’s it is a large detached pub situated in the ex-mining village of Crumlin. It is on the main road between Pontypool and Crumlin. There is a small cluster of housing and the village amenities near by

The Hafodyrynys Hotel has been an inn since the early 1870’s and it’s a large detached pub situated in the ex-mining village of Crumlin. It is on the main road between Pontypool and Crumlin. There is a small cluster of housing and the village amenities are near by.

Pub Layout

The Hafodyrynys has three distinct trading areas.  On the right is a small snug bar area with wrap around fix seating, darts board and pool table.  Adjacent to this is the main bar / dining area with around 60 covers with an eclectic use of loose seating throughout and the large commercial kitchen services both of these areas.  Upstairs there is a function room which is a welcomed space for events and family get to togethers – this could easily hold up to 50 people. The ladies toilets are  situated upstairs and the gents downstairs.  Externally there is a fabulous grassed garden with 8 benches and this area becomes a great addition in the summer months. The car park can accommodate ten cars.

The pub has built a great reputation over the years for its food with a mid-range pub menu on offer, this is served 6 days a week and is supported by locals and visitors passing by. The local businesses support the pub and its often the venue of choice for functions and specials events. There is both a local darts and pool teams which bring an added income to the midweek trade.

Private Accommodation

The private accommodation consist of two bedrooms, bathroom and sitting room.

Annual Rent: £18,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £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 ideal applicant would need to be passionate about food as the Hafodyrynys is renowned in the area for its quality food. Coupled with this, a solid marketing plan would be needed to attract new customers to the venue throughout the weekdays and also planned events utilising both the garden and the function room. A desire to get involved in the local community would be advantageous to build relationships with the large community in close proximity to the pub.

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.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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