tenancy
Commercial Road, Port Talbot, Castell-nedd Port Talbot SA13 1LP, UK
Approx. Total Ingoings
£13,500Annual Rent
£32,000The recently refurbished Somerset Arms is a large roadside pub in Port Talbot. The pub comprises a large bar and lounge, a well equiped trade kitchen and a spacious car park for over 40 cars. The pub currently offers a warm welcome to its loyal customers and passing trade who are attracted by great value family dining. The pub is decorated in a traditional style and has been well kept throughout. We are looking for a new or experienced publican that can continue the growth of this fantastic pub business.
Private Accommodation: The private accommodation comprises three bedrooms, a lounge, kitchen and bathroom.
Indoor trading area
As you enter the pub you are welcomed by a spacious bar which previously has been used for wet-led sales only. During 2020 the bar was transformed to an overflow dining area, due to social distancing. The pub is traditionally decorated throughout and has been well kept by the outgoing publican. There is a mixture of wooden fixed and loose seating that can be re-arranged to a new seating plan, if required. The lounge is a more intimate area with a much warmer and cosy feel with an open fireplace and exposed wooden beams.
Outdoor trading area
There are two separate patio areas to the front and side of the pub that can be used for outside drinking and dining. The well-kept outdoor area is fenced off with picnic style benches and umbrellas. In addition, there is a car park with around 40 spaces.
Regional Manager Comments
I am looking for a publican that can continue catering for the local community. You will need to have strong catering skills and the ability to drive footfall to the pub. The Somerset Arms is in need of some investment and nurturing; therefore, I need a publican with an achievable five year plan on how to develop this pub business further.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale
Approx. Total Ingoings
£13,500
Annual Rent
£32,000
Potential Turnover: £520,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £32,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £13,500 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £20,000 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
