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Ogmore Junction, Glamorgan

Bridgend, CF35 6DR

Your investment

£6,000

Agreement Type

Tenancy
  • Main Road Location
  • Huge Outdoor Space
  • Low Business Rates

The Ogmore Junction is a country pub located in Bridgend. Bridgend is located 20 miles west of the capital Cardiff and 20 miles east of Swansea. The site is situated on the main road with a car park and a superb beer garden adjacent to a river as well as a country cycling route. The pub is in a lovely location surrounded by hills and countryside.

Pub Layout

The pub is a large one bar operation with a separate function room.  This site has a lot of character and is a great country local pub.

The Ogmore Junctions caters to a range of customers with the potential to offer; excellent beer, great food, function opportunities, live music, and entertainment. The site is currently trading to attract the local residents, tourist, holidaymakers, walkers, and cyclists.

Private Accommodation

The private accommodation consists of excellent self-contained two or three bedrooms.

 

Annual Rent: £12’000

Security Deposit: £2,000

Working Capital: £1,500

Stock: £2,500

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: £325 plus VAT

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

I feel that this pub would suit a friendly, food experienced pub couple with excellent people skills and a desire to run a local community country pub and enjoy a wonderful lifestyle in the heart of the Welsh countryside. Great people skills and a love of food and entertainment would be key qualities.

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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