Back to Search results

Stag & Pheasant, Carmarthen

Carmarthen, SA31 1LQ

Your investment

£10,000

Agreement Type

Tenancy
  • Well Established Business
  • Turn Key Operation
  • Readily Available

The Stag & Pheasant is a great community pub which offers a fantastic range of cask ales and live sports. The pub is located on the outskirts of the town centre towards the secondary retail area approximately a 5 minute walk from the town centre. Carmarthen has a population of approx. 178,000 and Carmarthenshire is known as the “Garden of Wales”. It is opposite the Ivy Bush Hotel
which is a popular 3 star hotel in the town.

Pub Layout

As you enter the building, you are greeted with a welcoming open plan area which is balanced with a mixture of fixed and loose seating. It has a traditional feel to the pub with neutral décor, carpeted and wooden flooring. It has a traditional small wooden bar as you enter to the left-hand side where you will find fixed seating and televisions with a gaming machine. This area lends itself to the
locals wishing to enjoy sporting matches on evenings and weekends. On the right as you enter is a featured fireplace with some settees making a cosy corner and a welcoming place to relax with a drink. To the rear of the property, there is a secret garden which features several benches and high tables for customers to enjoy and is a very popular spot with the locals during the summer
months. This has been completed with Astroturf and heaters to enable use throughout the year.

The Stag and Pheasant currently trades as a drinks ordinated pub with the bar offering a fantastic range of products including cask ales which are popular with the locals. The pub host its own darts team and community events such as charity quizzes and live music is also popular. At present the catering kitchen is not being utilised by the current licensee however there is scope to
re-launch a value led food menu which would bring an added income stream to this fantastic pub.

 

 

Private Accommodation

The private accommodation is located on the first floor and consists of two bedrooms,office, lounge, kitchen and bathroom.

Annual Rent: £16,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £3,000

F&F: TBC – Funding options may be available for the right licensee

Training: £325 plus VAT

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

I am looking for a passionate and driven individual or couple who are local to the area and understand the needs of a community focused pub. The pub needs to tap into the local community and build on the existing reputation. A strong marketing campaign would need to be in place to assist a rhythm of the week to differentiate from the competition and be renowned as the
place to be.

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.