Pub Overview The Meirion Vaults offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. What would you do with this pub to make it even more of a success? The area The pub benefits from being one of four pubs found in an area of around 1,836 adults. The local customer base is made up of young, midlife and mature adults. The offer The Meirion Vaults is available on our investment tenancy agreement. Click here for more information on this agreement. The pub is being fully refurbished to become the go-to traditional pub in this proud, Welsh-speaking town. Just outside Snowdonia National Park, it benefits from strong local loyalty and steady tourist footfall year-round. With 1,800 adults nearby and minimal competition, it’s a prime site for a standout wet-led pub. The refresh will retain its classic charm while delivering a clean, welcoming space focused on great drinks, live sport, and community events. We're looking for a hands-on operator to revive this vital local hub. We’re always open to new ideas, what would you do to drive trade? Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you. Understanding of the local community You know what it takes to build a successful business You love hospitality and are great with customers If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter Features Investment Tenancy Live Sports Private Accommodation Refurbishment Planned Trading Area & Facilities The pubs trading area and facilities post refurbishment will be: Main trading area with bar 56 internal seating Disused kitchen (scope to reinstate) SmartDispense draught system Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Private Accommodation Private accommodation consists of 2 bedrooms, kitchen, a living room, and bathroom Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £28,400 Estimated Minimum Ingoing Costs £28,400 Annual Rent £29,000 Estimated Annual Turnover £449,963 Deposit £7,250 Estimated Fixtures & Fittings Value £12,650 Estimated Stock Valuation £5,000 Estimated Working Capital £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow Refurbishment Details Download arrow