Run a Star Pub - Ship Hotel Portmadoc - Porthmadog

Pub Overview

The Ship Inn, also known as Y Llong, is a cozy pub located in the heart of Porthmadog, Wales.

The area
The Ship Inn is located in the town of Porthmadog, a town rich in maritime history. The pub is surrounded by residential housing and faces onto a lovely family park.

Demographics
The Ship Inn is one of 8 pubs found within a 10 minute walk of the pub. The majority customer base is made up of tourists, mature adults, and midlife families.

The offer
Available on our foundation tenancy agreement. The potential of this pub lies in developing a well thought through food and drinks offer and by utilising the pub's whole trading areas. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via expanding on its food offer and attracting further local drinkers and diners in addition to the popular tourist trade.

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy, and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us.

Features

• Function Room
• Catering Kitchen
• Private Accommodation

Trading Area & Facilities

• Two bar trading areas
• Function / dining room on first floor with small bar (Could be fitted out for draught)
• 60 internal covers
• Catering kitchen
• SmartDispense

Private Accommodation

The private accommodation consists of a kitchen, a lounge, two bedrooms, and a bathroom.

Pub Financials

Estimated Total Ingoing Costs: £31,779

Estimated Minimum Ingoing Costs: £10,926

Annual Rent: £29,114

Estimated Annual Turnover: £420,973

Deposit: £7,279

Estimated Fixtures & Fittings Value: £16,000

Estimated Stock Valuation: £5,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized 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 finalized 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