Pub Overview The Ship Inn, also known as Y Llong, is a cozy pub located in the heart of Porthmadog, Wales. What would you do with this pub to make it even more of a success? 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 tourist, mature adults and midlife families. The offer Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food and drinks offer and by utilising the pubs 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 pub has no private accommodation. Pub Financials Pub Financials Icon 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 finalised 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 finalised 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