Run an Admiral Pub, Hole in the Wall, Caernarfon

Admiral Taverns - Leased & Tenancy; Caernarfon; On-site; GBP 60,000 - 80,000; Full time

Job summary

A pub management company is seeking a local licensee for a unique pub in Caernarfon. The candidate must be prepared to invest and develop the current offer by introducing a bar snack menu and entertainment, utilizing knowledge of local area and social media. This role involves managing daily operations and enhancing customer experience. Rent and other financial details are specified.

Qualifications

• Ability to develop a bar snack food offer.
• Experience in organizing entertainment events.

Responsibilities

• Oversee daily operations of the pub.
• Manage customer interactions and promotions.

Skills

Knowledge of the local area

Social media promotion

Job description

Please note: Applicants must be prepared to invest financially in taking on and running this pub. To understand the level of investment required, please review the financial section.

The Hole in the Wall is a unique pub built into the Caernarfon Castle walls. Caernarfon is an extremely popular tourist town situated on the estuary, famous for its castle and is the community and port in Gwynedd, Wales, with a population of 9,852. It lies along the A487 road, on the eastern shore of the Menai Strait, opposite the Isle of Anglesey. The city of Bangor is 8.6 miles to the north-east, while Snowdonia fringes Caernarfon to the east and south-east. The Hole in the Wall is a community local pub enjoying good local trade especially at the weekend as the Hole in the Wall is a prime position on the town’s circuit amongst other pubs and restaurants.

Pub Layout

As you enter the Hole in the Wall you are greeted with the one bar servery which operates the large one room and is made up of a mixture of fixed and loose seating, the décor and the fixture and fittings are all in good condition. There is a small catering kitchen which is capable of covering a bar snack menu. Outside houses a good seating area with a protective canopy, located on the pedestrian walkway. Although there is no car park, there is plenty of street parking close by and is located in an ideal position for passing trade.

Trading Style

The trade consists of locals offering a very strong wet led value offer. In the summer months it benefits from attracting the seasonal market. There is room for growth in the hole in the wall by offering a small bar snack menu and weekly entertainment such as quiz nights.

Accommodation

Private Accommodation: The accommodation comprises of three bedrooms, kitchen, lounge and bathroom all in reasonable condition.

Financial

• Annual Rent: £12,000
• Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
• Working Capital: £2,500
• Stock: £3,000
• Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
• Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

BDM Vision

Admiral Taverns are ideally seeking a local licensee who has good knowledge of the area and is able to develop the current offer by introducing a bar snack food offer and entertainment. Having strong knowledge within social media to promote the pub further and to grow the customer base is important.

Additional Information

• Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed).
• Security Deposit – A security deposit is required when applying for a pub with Admiral. This will be the greater of £5,000 or three months’ headline rent. The deposit is held on your account and returned when you leave, subject to your final account balance and the condition of the property.
• Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.
• Stock – This will be valued by an independent valuer on the day you take over the pub.
• Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook.
• Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
• Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.
• Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee.
• Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.