Back to Search results

Mountain View Hotel, Colwyn Bay

Mochdre, LL28 5AT

Your investment

£9,500

Agreement Type

Tenancy
  • Large car park
  • Good sized pub in the heart of the community
  • Corporate & community market on the doorstep

The Mountain View is nestled in the Welsh hills of Mochdre, close to the seaside town of Colwyn Bay. Mochdre has a population of 1,923 and in within easy access to the A55, it’s surrounded with local attractions such as the Welsh Mountain Zoo, Bodnant Gardens and not forgetting the miles and miles of sandy beaches that North Wales has to offer. This pub is in a great location to attract locals as well as visitors to the area.

Pub Layout

As you enter the pub you immediately notice the large open area with a traditional bar on the back wall. This room benefits from picture windows meaning it has natural light flooding in, along with great views of the surrounding valley mountains, which is why the pub is aptly named. There are a lot of sections to this pub which are cleverly split into dining, relaxed drinking and entertainment with a mixture of fixed and loose seating and tables making it a very versatile space to enjoy.  To the front of the pub is an area which is used for entertainment such as music events, children’s parties and much more. To the right of the main bar and dining area there is a very large games room which will facilitate a pool table, two dart boards and TV’s. This area has access to the main bar area and will be popular with the local darts and pool teams. Outside, the pub there is an extremely large car park which could hold well over 50 cars. This space is a real gem as it has the potential to be used for large community events. The pub also benefits from a front terrace, part of which is covered, and to the rear is a patio area with traditional picnic benches.

Currently, the Mountain View operates as a healthy food and drinks trade, with the potential to increase this income by an established and robust rhythm of the week along site an active community fundraising and charity focus. The large catering kitchen and with lots of space for diners gives the facility to achieve this. The pub would benefit enhancing the local sporting market – currently shows televised sports only –  so the addition of a sports package would be a great attraction and could also attract a wider audience.

 

Private Accommodation

The Private accommodation consists of four very large bedrooms, a kitchen, living room and bathroom.

 

Annual Rent: £12,500

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,500

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.

For the Mountain View, we are looking for an experienced person or couple who have a good knowledge of the local area, with a genuine desire to deliver an active community role.

“The View” as it’s affectionately known, would benefit highly from someone who is confident in promoting charity events and fundraisers, functions and food via social media, within the local community.

This is a large spacious pub which would benefit from offering a more varied food menu and offers as well as hosting local events, which would take place in the warmer months in the huge car park and introduce a consistent weekday/weekend entertainment schedule.

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.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.