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Hole in the Wall, Caernarfon

Caernarfon LL55 1RF

Your investment

£10,500

Agreement Type

Tenancy
  • Up to £500 pcm towards utilities
  • Primary circuit route on the weekend
  • Food opportunity available

The Hole in the Wall is a unique pub built into the Caernarfon Castle walls, Caernarfon is an extremely popular tourist town situated on the estuary, famous for its castle and is the community and port in Gwynedd, Wales, 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. The Hole in the Wall is a community local pub enjoying good local trade especially at the weekend as the Hole in the Wall is a prime position on the town’s circuit amongst other pubs and restaurants.

Pub Layout

As you enter the Hole in the Wall you are greeted with the one bar servery which operates the large one room and is made up of a mixture of fixed and loose seating, the décor and the fixture and fittings are all in good condition. There is a small catering kitchen which is capable of covering a bar snack menu. Outside houses a good seating area with a protective canopy, located on the pedestrian walkway. Although there is no car park, there is plenty of street parking close by and is located in an ideal position for passing trade.

The trade consists of locals offering a very strong wet led value offer. In the summer months it benefits from attracting the seasonal market. There is room for growth in the hole in the wall by offering a small bar snack menu and weekly entertainment such as quiz nights.

 

 

Private Accommodation

The accommodation comprises of three bedrooms, kitchen, lounge and bathroom all in reasonable condition.

 

Annual Rent: circa £14,000

Security Deposit: £5,000

Working Capital: £2,500

Stock: £3,000

F&F: TBC (Funding options may be available)

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Admiral Taverns are ideally seeking a local publican who has good knowledge of the area and is able to develop the current offer by introducing a bar snack food offer and entertainment.

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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