Run an Admiral Pub, Ogmore Junction, Glamorgan

OverviewThe Ogmore Junction is a country pub located in Bridgend. Bridgend is located 20 miles west of the capital Cardiff and 20 miles east of Swansea. The site is situated on the main road with a car park and a superb beer garden adjacent to a river as well as a country cycling route. The pub is in a lovely location surrounded by hills and countryside.Pub LayoutAs you walk into the bar from the main road you will find yourself in the bar area itself with the one central bar servery. Here there is a mixture of fixed and loose seating and TV’s for live sport. To the rear and to the right you will find a pool table and what could be used as the dining area. Just off this section is where the kitchen is located. The Ogmore also benefits form its own stand alone function room to the right of the pub, a beer garden car park to the rear.Trading StyleThe Ogmore Junctions caters to a diverse clientele, boasting the potential to deliver outstanding beer, delicious food, versatile function spaces, live music, and entertainment. Presently, the venue is geared towards attracting not only local residents but also tourists, holidaymakers, walkers, and cyclists alike.AccommodationPrivate AccommodationThe private accommodation consists of excellent self-contained two or three bedrooms.FinancialAnnual Rent: £16,500Security Deposit: Initial deposit of £3,000 building up to £5,000 or the equivalent of three months’ rent, whichever is greaterWorking Capital: £1,500Stock: £2,500Fixtures 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.For a breakdown on financial information, please refer to the ‘Additional Info’ tab.BDM VisionWe believe this pub would be perfect for a warm and sociable couple with a background in food service, exceptional interpersonal skills, and a passion for fostering a sense of community in a rural setting. The ideal candidates would relish the opportunity to immerse themselves in the heart of the Welsh countryside, enjoying a fulfilling lifestyle while prioritizing top-notch hospitality, culinary delights, and engaging entertainment for their patrons.Additional InformationAnnual 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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.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. We will also carry out a credit check as part of your application, which may affect the deposit amount required.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. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.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. This will also include furniture.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. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.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, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.*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. Please note, this only applies to pubs marked with an Asterix * #J-18808-Ljbffr