Description The Welsh Princess enjoys a prominent roadside position in the village of Rayne, located just one mile from the centre of Braintree. This charming village benefits from strong local demographics and convenient transport connections with Braintree train station approximately two miles from the pub. There are also plenty of bus routes including connections to the airport and surrounding towns. Adjacent to the pub is a popular Indian restaurant, adding to the local dining scene and the main competition in the area is The Swan, another established pub within the village. Pub Layout The pub itself is a quaint and traditional venue and has been sympathetically upgraded over the years. Walking up the few entrance steps into the pub, you arrive straight into the main trade area which is one large open space accompanied by a long bar servery. Well laid out with a mixture of low and high level seating, the Welsh Princess has lots of natural light and character beams to add to it's charm as well as space for a pool table and darts board. To the rear of the pub, you will find a well designed, compact trade kitchen and externally the pub is furnished by an external drinking area and car park. Trading Style: The Welsh Princess has a good premium range and offers plenty of variety for all to enjoy. A small food offer does well, with themed evenings really taking off and small plates becoming more and more popular. Tapas style dishes are also well received at the pub and have proven to be a very popular choice with the community. There are weekly teams that use the pub as their home turf and also an avid band of football supporters who regularly bring in the weekly trade with Sky and TNT being popular additions to the site. Music also features highly at the Princess, and bands are often the Saturday night entertainment of choice, followed closely by Open Mic nights and karaoke. Accommodation: Private Accommodation The private accommodation consists of two bedrooms, a lounge, kitchen and bathroom. Financial: Annual Rent: £24,500 Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater Working Capital: £2,500 Stock: £4,500 Business Rates: £Nil. Based on the April 2023 rating list, the Zero 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. 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: This is an amazing opportunity for an experienced licensee (s) who will continue to engage with the local community and provide a consistent offering to the village and surrounding villages. Ideal for someone who loves to be hands on and that has a wealth of knowledge in working with people and running pubs that deliver a great hospitality experience. Having a very active rhythm of the week will see the Welsh Princess really excel within the community and having a jam-packed calendar of events such as charity days and bank holiday fun days will really push this pub to it’s maximum potential. The Welsh Princess really needs to be the hub of the local area and with the right operator, we believe that it can whole-heartedly be that venue. 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). 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 – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step. 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, 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 for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterix *