Thriving Country Pub in Wales

Maesteg, Mid Glamorgan
REF: R07244

Asking Price:
£160,000
Annual Turnover:
£110,000
Annual Net Profit:
TBC
REF: R07244

Overview

Tenure:
Freehold
Established:
1892
  • Only pub located in this part of the village
  • 6 accommodation rooms, currently unused
  • High level of repeat trade
  • Accessible location
  • Huge scope for growth

Now available to an interested buyer is this successful, popular pub which is situated in an idyllic village Maesteg in Wales.

Established in 1892 and under current ownership since 2009, the owners have worked hard to make the business what it is today, boasting an exceptional reputation as a cornerstone to the local community. Through wet sales only and hosting various live music and sports teams, the pub has generated an impressive turnover year on year, consistently drawing in a loyal base of regulars.

With only wet sales at present, the pub utilises good suppliers such as Glamorgan Beer, Hearns and Bookers, ensuring they are well respected as a public house. The pub’s customer base comprises locals of all ages, a large crowd which is drawn in throughout the year by the pub’s very own male and female sports teams, inclusive of 2 darts, 1 pool and 4 skittles teams.

Due to the owner’s other business interest, they have now put the business on the market on a freehold assignment. A new owner would be an individual or couple with the drive to progress the business and lead it to fulfil its potential.

Operations run from a large detached building with characteristic stone walls, slate roof. Customers enter into a small foyer, leading to an L-shaped bar with seating for around 60, a stage, pool tables and a dartboard. To this floor there is also a separate function room, seating around 30, with its own bar.

Downstairs boasts a beer cellar, 3 storage rooms, a kitchen and toilets. Outside there is a shed for storing kegs (recently re-roofed) and a good-sized rear yard. Upstairs is the skittle alley, and 6 accommodation rooms. Unfortunately, there has been water damage to the roof joists, therefore it is advisable that these be replaced following a structural assessment. The current owner has estimated renovation costs would be around £100,000, but considering the reasonable price of the freehold and the huge opportunity it grants a new owner, this is a small investment.

This is a great opportunity to take on a longstanding public house in a close-knit community, which benefits from regular locals and no competition. A new owner would take on a workable premises brimming with potential. The pub requires a passionate new owner excited to get their teeth into the necessary renovation to return it to its former glory.

Although in need of considerable renovation, the pub has scope for accommodation upstairs in as many as six rooms, either as a guest house or permanent accommodation. Architect plans were dra wn up for upstairs but never actioned - something which could be followed through with by a new proprietor.There is scope to introduce food sales due to the sizeable kitchen, as well as increase online marketing by creating a website to promote events and offers.

The existing owner would be willing to stay on for a transitional period in order to hand the business over smoothly.

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  • Village location
  • Heavy footfall
  • Close to local businesses
  • Parking nearby
  • No competition
Rent
N/A
Rates
£0
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
£150,000
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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