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Valentine Inn, Llanddulas

Llanddulas, LL22 8ES

Your investment

£10,000

Agreement Type

Tenancy
  • Well established trade history
  • Fantastic food opportunity
  • Idyllic location

The Valentine, steeped in local history, is a medium sized end of terrace, nestled in the heart of Llanddulas, a semi-rural seaside village in Conwy county borough, Wales, midway between Old Colwyn and Abergele. Next to the North Wales Expressway in the community of Llanddulas and Rhyd-y-Foel  – this is an upmarket village area which has a mass of cottages and houses with an average selling price of £236,960. The Valentine holds a prominent position in the village, being on the main route to Gwrych Castle, home of “I’m a celebrity get me out of here” for the past two years and opposite St Cynbryd’s Church.

Surrounded by high quality static caravan parks, which attract a year round trade that peaks in the summer months, the Valentine also enjoys a solid trade from B&B and Hotels housing visitors to the incredibly popular area. The Valentine or the “Val” as it is fondly known as by the villagers is probably the best pub in the area and is the epitome of a top quality local on your doorstep.

Pub Layout

This is a charming, traditional Pub, steeped in a wealth history and full of character.

When visiting, you are welcomed with a really attractive frontage which continues to the inside presenting everything you would enjoy of a small country pub, with open fires in both the lounge and snug with characteristic narrow corridors with featured bric-a-brac, leading out to a beautiful walled garden – which is a prominent attribute and is probably the best presented quality featured beer garden in the area.

Currently trading on 30/70 % ratio. The bar offers a solid range of standard and premium bands on both draught and back bar, with a particular focus on an extensive spirit range. The food offer is a delightful menu of grazing plates, gourmet sandwiches and popular bar snacks, all freshly prepared. There is also a clever chip bar menu with a range of different toppings and accompaniments. The food here is very popular and bookings are a must in advance, with a waiting list.

 

Private Accommodation

Immaculate well-appointed private quarters consist of: Lounge, Kitchen dinner which extends out to balcony area, Three bedrooms and a Bathroom with WC

Annual Rent: £24,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £1,000

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.

The offer needs to be maintained exactly as it is described – a solid range of standard and premium brands on both draught and back bar, with a particular focus on an extensive spirit range, along with a food offering hosting a menu of grazing plates, gourmet sandwiches and popular bar snacks, all freshly prepared. This offering with the continuation of the well-established pub quiz and immaculate standards, will ensure future success.

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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