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Royal Victoria, Prestatyn

Prestatyn, LL19 7SG

Your investment

£9,000

Agreement Type

Tenancy

The Royal Victoria is a large, detached pub located in the popular coastal town of Prestatyn opposite the train station creating a high footfall. The town centre of Prestatyn is only a five minute walk away which is home to an abundance of local amenities. Prestatyn is a seaside town and community in North Wales and is located on the Irish Sea coast, to the east of Rhyl and is incredibly popular with tourists and day trippers. Prestatyn railway station is on the North Wales Coast Line which connects the town with Holyhead and Chester.

The Royal Victoria is a large, detached pub located in the popular coastal town of Prestatyn opposite the train station creating a high footfall. The town centre of Prestatyn is only a five minute walk away which is home to an abundance of local amenities. Prestatyn is a seaside town and community in North Wales and is located on the Irish Sea coast, to the east of Rhyl and is incredibly popular with tourists and day trippers. Prestatyn railway station is on the North Wales Coast Line which connects the town with Holyhead and Chester.

Pub Layout

On entering the pub, you are welcomed into the impressive main bar with the bar servery facing you. This area hosts the darts oche, gaming machine and televised screens to show live sports. To the right of this area is the ladies and gents toilets. Fixed and loose seating wraps around the pub with seating for up to 40 covers. To the rear is an area with loose seating a long with a pool table and darts board. This area also leads onto the partially equipped catering kitchen that could easily be adapted to introduce a food offer and is of a good size and provides great access to all areas of the pub. Externally to the left of the pub is a paved patio with benches and a sheltered smoking solution. Although there is no car park, there is street parking immediately outside along with pay and display car parks located around the town.

The Royal Victoria is a community pub located in a prominent position and attracts local trade along with tourists when visiting this beautiful North Wales coastal town. The pub has previously been home to pool and darts teams however there is an opportunity to re-engage with local teams along with local football teams to re-establish these links within the community. The pub has also been popular in the past with its entertainment offer including karaoke, bands and quiz nights. Food is not being served currently, however this has been successful in the past with both locals and tourists who like to stop by for a bite to eat.

Private Accommodation

The private accommodation consists of three good sized bedrooms including a lounge, kitchen and bathroom all of which are in good order.

Annual Rent: £19,750

Security Deposit: £5,000

Working Capital: £2,000

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 Royal Victoria is an extremely well loved pub with locals and visitors and has built up an excellent reputation over the last five years with the current licensee. I am looking for an individual or couple who are local to the area and will engage with the community. The successful applicant will need to demonstrate how they will develop this already popular pub and take it to the next level with a well thought out business plan and enthusiasm and charisma to follow it through. Ideally, the pub should provide food and would bring in additional footfall to the business and appeal to a wider audience. Experience of running a similar type of pub is essential.

The premises may qualify for Small Business Rates Relief in which case the non-domestic rating liability may be nil subject to the ratepayer occupying only one property for the purposes of business.

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 – £30.10 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.

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 – 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 – £30.10 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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