Are you looking to lease a pub in the Bedale area ? Why not run ‘The Old Black Swan’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Old Black Swan is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In Bedale – The Old Black Swan Is Now Available
The Black Swan is in a prime position, sitting on a high street surrounded by shops, cafes, and bakeries. This great location provides passing trade for this well-loved pub. This pub is well known for its traditional pub meals and fantastic cask ales. The Black Swan boasts a first-floor function space that can be utilised for community events, live sports, and private parties.
Features
CATERING KITCHEN
FOUNDATION TENANCY
FUNCTION ROOM
LIVE SPORTS
CASK ALE
OUTDOOR TRADE
PRIVATE ACCOMMODATION
MONTHLY BILLING
WEEKLY BILLING
Trading Area & Facilities
Internally, the pub is split into two rooms, the main bar, and the function room. Both areas are served by their own bar. The pub has a traditional décor with ample seating and a spacious trading area. Externally, the pub has a cosy courtyard with beautiful foliage and hanging baskets.
Private Accommodation
The domestic accommodation comprises of a good size kitchen, main living room and 3 bedrooms.
The Old Black Swan Bedale
Annual Rent £ 36,767
Estimated Tenants Annual Operating Profit £ 37,266
Representative HEINEKEN UK Brand Discount Per Barrel £ 125
Estimated Annual Turnover £ 510,110
Estimated Annual Barrelage
£223
* 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
Your Investment
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £ 16,000
Estimated Fixtures and Fittings Valuation Fee £ 250
Estimated Stock Valuation £ 6,000
Deposit Amount £ 9,192
Rent in Advance £ 707
Training Fee £ 425
Estimated Designated Premises Supervisor / Manager Fee £ 50
Premises Licence Fee £ 295
Rates Assessment Fee £ 55
Estimated Legal Fees £ 650
Estimated Total Ingoing Costs £ 33,624
Estimated Minimum Ingoing Costs £ 11,496
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £ 1,919
Estimated Annual Maintenance Compliance Charge £ 1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £ 4908
Estimated Annual Repairs Fund £ 1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate.
Experienced Operator Wanted
Star Pubs & Bars are looking to work with an experienced operator with a vision to develop a stand out food menu to elevate this popular pub.
