under offer
under offer
tenancy
1 Lavernock Road, Penarth, Vale of Glamorgan CF64 3NW, UK
Approx. Total Ingoings
£11,900Annual Rent
£30,000The beautifully presented Cefn Mably sits on the main road out of Penarth on the way to Sully and is a destination hotspot for the local community. The ground floor of the pub consists of a separate bar and dining area along with a trade kitchen and a disused skittle alley to the rear. The first floor has an excellent additional revenue stream with six letting bedrooms which can be set up as doubles, twins and family rooms, ideal for visitors to the area. The pub currently offers a premium range of drinks and food and would suit an experienced publican who can continue this offering and develop the already strong reputation further.
Private Accommodation: The spacious private accommodation consists of two bedrooms, a lounge, and a kitchen.
Indoor trading area
The Cefn Mably has recently been refurbished internally to a high standard and comprises of a large one bar operation with separate drinking and dining areas. The contemporary design that runs throughout includes loose fitting tables and chairs to create the perfect environment for both drinking and dining with friends or family. The pub is already popular for its offering of premium drinks, coffee and fine quality food, and has the scope to host live music events at the weekend. In addition, the pub boasts six letting rooms including family rooms, creating this pub the perfect destination for visitors to the area.
Outdoor trading area
The pub has dining pods to rear of the building, alongside access to the 12-space car park.
Regional Manager Comments
I have worked in the pub industry for over 30 years in the South Wales area. At the Cefn Mably, I am looking for a hospitality professional with a good understanding of current catering trends to maximise the opportunity at this pub. I believe that the right publican will continue to build on an already strong reputation and take the pub to new heights.
Retail Partnership Tenancy
Private Accommodation Kitchen Parking Cask Ale
Approx. Total Ingoings
£11,900
Annual Rent
£30,000
Potential Turnover: £266,000 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: £30,000 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: £11,900 (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: £15,000 (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.
