under offer
under offer
tenancy
Hendre Road, Pencoed, Bridgend CF35 5NW, UK
Approx. Total Ingoings
£13,250Annual Rent
£23,000The Britannia is in the centre of Pencoed next to the railway station. It is a town centre pub trading 90% wet, with the opportunity to drive a food offer. The internal area is split across two levels and the raised area currently hosts live entertainment such as live bands and karaoke. To the rear of the pub is a large beer garden and a car park. The pub attracts a crowd to watch and play sport, with a football team and pool teams running from the pub. I am looking for an experienced wet-led operator who can continue to drive the pub as the community hotspot.
Private Accommodation: The private accommodation comprises four bedrooms and a lounge and would be suitable for a family.
Indoor trading area
The Britannia is a one bar operation split across two levels. The lower level is predominantly for drinking with friends and family and having a sociable evening, whilst the upper level has a pool table. The traditional décor that runs throughout creates a warm and inviting atmosphere and has a mixture of loose-fitting tables and chairs for over 40 covers.
Outdoor trading area
To the rear of the pub is a beer garden split across two levels. In addition, there is a car park for around 10—15 vehicles.
Regional Manager Comments
I have worked in the pub industry for over 30 years in the South Wales area. At the Britannia, I am looking for an experienced wet-led operator able to drive sales through sport and music.
Retail Partnership Tenancy
Beer Garden Private Accommodation Parking Cask Ale Function Room
Approx. Total Ingoings
£13,250
Annual Rent
£23,000
Potential Turnover: £309,000 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: £23,000 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: £13,250 (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: £8,000 (excl VAT)
To be discussed with the Regional Manager.
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