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Old Black Horse, Rhostyllen

Rhostyllen, LL14 4AD

Your investment

£15,000

Agreement Type

Tenancy
  • Well established business
  • Prominent residential location
  • Beautiful South facing garden

The Old Black Horse is situated on a corner plot on Henblas street in Rhostyllen which is an old mining village. Surrounded by plenty of chimney pots, a school and local amenities,  Rhostyllen is an upcoming area with circa 250 new builds being built and is ideally located approximately 2 miles from Wrexham city centre.

Pub Layout

The main door is approached via the small carpark which leads into the main trading area. Here you will find the ‘L’ shaped open plan bar with a mixture of fixed and loose seating and a games area with pool table and darts board, this area also leads to to the ladies and gents toilets and provides access to the external drinking area. The external area has been refurbished in 2022 and provides a beautiful enclosed, South facing garden and a decking area catering for circa 100 people. There is also a carpark for 12 cars which more than covers the pubs requirements due to most of the trade coming from the local community.

 

The Old Black Horse is a wet led community pub that should have on a focus on  drinks with well marketed drinks promotions and offers. The pub should be the hub of the community catering for a wide range of clientele who are accommodated through a strong entertainment schedule.

 

 

Private Accommodation

The private accommodation is a good size for a family. There is a separate entrance leading to a living room, three bedrooms, kitchen/diner and a bathroom with separate shower and bath.

Annual Rent: £20,000

Security Deposit: £5,000

Working Capital: £6,000

Stock: £4,000

F&F: TBC – Funding options may be 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.

*Based on the April 2023 provisional 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.

Admiral Taverns are seeking a licensee who can embed themselves into the pub and make themselves the focus of the community. We are looking for someone who is committed to deliver high standards of service to the local community and focus on the key elements of the pub, such as televised sports events as well as developing the inhouse sports within the pub such as darts, pool and football teams. The pub will operate on core business with the ability to attract intergenerational trade so that the business is sustainable now and in the future and maximise the income stream and offers.

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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