•The Saddlers Arms is an easy to run, charming and traditional wet led pub on the high street in the pleasant coastal town of Cardigan in West Wales. The area is rich in heritage and hosts many festivals throughout the year.
•The pub is a compact, one room bar operation with a single bar servery. The Saddlers Arms has a saloon-style and the minimal furniture both reflects and adds to its charm.
•The current customer base consists of local residents and town workers with a generous share of high Street shoppers.
•Cardigan is a coastal town and clearly benefits during the summer months from holiday makers and tourists. Shopping and transport links to the town are good.
•There is no private accommodation at this site.
•The Saddlers Arms is currently trading at £3,000 wet sales per week however due to its location, adding coffee and pastries could be a further income stream.
Working Capital £5,000
Training Fee £550 + VAT
Security Deposit £5,000
Stock and Glassware £500
Legal fees £360
Initial Contractual Costs **
Rent £15,000 p.a.
Service charge £1,3000 p.a.
Decorating fund £1,000 p.a.
Insurance £520 p.a.
Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**The ongoing contractual costs will vary in accordance with the terms of the specific agreement.
****You will also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
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