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Beer Garden
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External Drinking Area
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Car Park
Property details
The Prince Of Wales is a traditional Welsh stone detached property in the heart of the village of Coychurch. Coychurch is a small village situated between Pencoed and Bridgend and is home to some 2,000 residents which gives it a great community feel. There is regular public transport between the village and Bridgend. Bridgend has a very diverse culture and is home to a large college and also several large industrial areas bringing a lot of employment to the area.
The pub has two main trading areas separated by a small corridor and a feature open fire splits the traditional regulars bar and the lounge area which is used for entertainment. The décor has a warm traditional feel there is a mixture of bench and freestanding seating. The bar areas can cater to approximately thirty covers and are serviced by a suitably sized trade kitchen located at the rear of the pub.
There is a small rear garden at the pub which can be accessed through the main bar, and this is adjacent to the car park at the site and can hold approximately twelve cars.
The private accommodation consists of a spacious lounge, two good-sized bedrooms, a kitchen, and a bathroom all in good decorative order.
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Catering Kitchen
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Team Games
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Live Entertainment
Trading style
The Price of Wales is a traditional pub that is at the heart of the local community. Currently, the site is predominantly drinks-focused, but the vision for the site would be to look at the food offering to grow this area of the trade. Currently, weekly quizes are very popular, and regular music acts help to draw customers to the pub. Local sports teams would be another area to attract customers to the site and fit in with the local community. A strong rhythm of the week would be needed that was well communicated to grow the regular customer base.
The ideal applicant will share the landlord's vision of making the Prince of Wales the place to be in Coychurch and making it sit firmly within the heart of the local community. They will have excellent retail standards and the ability to market the pub both locally and on all social media platforms to communicate with both the local community and the broader towns within the area. A strong desire to get involved with the local community would also be beneficial to build relationships with people who live nearby. An understanding of a good food menu that will attract customers would also be beneficial to continue to grow the trade at the pub.
Key financials
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Reference Number:
IU3WDL / P04542
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£8,000.00
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Annual Rent:
£18,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £18,500
Security Deposit: £3,000
Working Capital: £3,000
Stock: £2,000
F&F: Upon valuation – funding options may be available for the right licensee.