Please note: Applicants must be prepared to invest financially in taking on and running this pub. To understand the level of investment required, please review the financial section.
The Crown Inn is located in a busy suburb of Briton Ferry on the outskirts of Port Talbot just off the M4. Neath is a market town and community situated in the Neath Port Talbot County Borough. The town has a population of circa 50,658. Historically in Glamorgan, the town is located on the River Neath, seven miles east-northeast of Swansea. The pub is surrounded by residential housing and a small number of independent retail outlets.
Pub Layout
The pub sits just off the main road and has a small car park to the front of the pub. There is a large garden to the rear of the pub which attracts a lot of customers during the summer months. There is one large lounge to the left and then further to the left is a smaller pool room which currently houses the pool table. To the right-hand side as you enter and in front of the bar is another smaller lounge area. There is a balance of mixed and loose seating breaking up the large lounge into smaller cosier areas.
Trading Style:
The pub trades as a drinks-focused business and the bar has a good array of products; however, a new licensee may wish to upgrade the offering and explore a stronger range of products including premium gins and beers. Weekly entertainment consists of a quiz night and live music at the weekend which is popular with locals.
Accommodation:
Private Accommodation consists of three bedrooms, sitting room, bathroom, and kitchen.
Financial:
* Annual Rent: £12,250
* Security Deposit: Initial deposit of £3,000 building up to £5,000 or the equivalent of three months’ rent, whichever is greater
* Working Capital: £2,000
* Stock: £1,000
* Fixtures and Fittings: To be confirmed upon valuation – 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.
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
BDM Vision:
The goal for this pub is to entice a licensee equipped with a well-planned marketing strategy to maximize its potential. This involves capitalizing on the expansive rear garden by hosting a variety of events and functions during the summer season. These events could include music performances, beer festivals, gin tastings, and more.
Additional Information:
* 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 – A security deposit is required when applying for a pub with Admiral. This will be the greater of £5,000 or three months’ headline rent.
* Working Capital – This is a recommended 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.
* 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.
* 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 – £350.00 – Before signing a long-term agreement, you will be required to attend our 7 Steps to Sales Success training programme.
* Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee.
* Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.
#J-18808-Ljbffr