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Tafarn Ty Gwyn, Anglesey

Llanfairpwllgwyngyll, LL61 5UJ

Your investment

£7,500

Agreement Type

Tenancy
Llanfairpwllgwyngyll or Llanfair Pwllgwyngyll is a large village and community on the island of Angl...

Llanfairpwllgwyngyll or Llanfair Pwllgwyngyll is a large village and community on the island of Anglesey in North Wales, situated on the Menai Strait next to the Britannia Bridge and across the strait from Bangor. This is a popular tourist area and as such benefits from all round trade and a great location on the main road through the village. The Tafarn-Ty-Gwyn is slightly set back from the road and can be found close to to the train station. Its exterior decor makes it stand out from all the rest. With parking to the front of the pub and a further car park at the rear, along with a grassed seating area, this site is well set up to attract passing trade and locals alike.

Pub Layout

The main trading area has a large central bar and covers three sides of the room; there is an area which can be used for dining, a small snug area as well as the main bar with its raised seating The interior is traditionally decorated and offers a warm and comfortable drinking space as well as a comfortable dining area. Adjoining is a conservatory that currently houses the pool table but could be easily converted into a restaurant area. This leads out to a decked area and outdoor tables and chairs so customers can sit and watch the world go by. There is also a good-sized commercial kitchen at this site, and food plays an important role in this pub, it would benefit from serving traditional homemade classic dishes, Sunday carvery etc. to cater for both village locals and visitors to the area.

Currently trades as a predominantly wet led site. The pub interior is currently in need of some updating, and the pub company are happy to discuss potential investment with a long term agreement.

Private Accommodation

This consists of three bedrooms, a large lounge/dining room, kitchen and a bathroom.

Letting Accommodation

There is potential to add two letting rooms for the right operator.

 

 

Annual Rent: £24,300

Security Deposit: £3,000

Working Capital: £2,000

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.

We are looking to appoint experienced operator/s who have the energy and vision to run this village local to its full potential. This will be achieved by serving good quality, well-priced menu food as well as developing a strong calendar of events that includes live entertainment and sports to ensure the pub attracts a broad spectrum of customers.

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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