Are you looking to lease a pub in Billingham ? If so The Swan is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Swan is one of them and is now available via Love Your Pub!
Why not contact the team today for more information about this venue and how you can take the next step in your hospitality career!
Lease A Pub In Billingham – The Swan Is Now Available !
The Swan is a large roadside public house located on the busy main road in Billingham. The Swan was built in the 1940s and has always been at the heart of the community. This well-established pub caters for both locals and large functions. The pub side of the business would benefit from a great live sport offer and also by offering a small bar menu alongside the existing Sunday lunch trade. Over 230,000 people live within 15 minutes of the Swan, therefore it boasts a very large catchment area.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Lease A Pub In Billingham – The Swan Is Now Available !
The Swan Billingham
Overview of Swan
The Swan is a large roadside public house located on the busy main road in Billingham. The Swan was built in the 1940s and has always been at the heart of the community. This well-established pub caters for both locals and large functions. The pub side of the business would benefit from a great live sport offer and also by offering a small bar menu alongside the existing Sunday lunch trade. Over 230,000 people live within 15 minutes of the Swan, therefore it boasts a very large catchment area.
Indoor trading area
The recently upgraded public bar has space for up to 100 customers, and contains a pool table, three large TV screens which is perfect for sports viewing. The separate lounge bar also has space for up to 100 customers. It has its own bar and facilities and can be used for small functions. This pub’s USP is its large self-contained function room, with its own kitchen that is capable of a catering for large events, functions and weddings. 200+ seating capacity making this an ideal space for special events, company seminars, and meetings. All internal areas are in great condition, providing the perfect base on which the new publican can build their own pub business.
Outdoor trading area
Bench seating is located to the front of the pub, which is a great outdoor space that’s easily accessible via the main side entrance. Car parking space is more than adequate, located to the rear of the pub, monitored by the pub’s CCTV equipment.
Your living accommodation
The 1st floor living accommodation is perfect for a family, comprising three bedrooms, a lounge, kitchen and bathroom, all in good condition.
Surrounding area
The pub is surrounded by a large area of private housing and ex council houses which are now privately owned and is well served by a local shopping precinct. There has been a development of a new theatre and local swimming baths.
Local competition
- Astronaut,West Precinct, Billingham, TS23 2NH (0.3 mi)
- Whitehouse,Whitehouse Road, Billingham, TS22 5AS (0.3 mi)
- Kings Arms,Wolviston Road, Billingham, TS22 5JP (0.3 mi)
- Telstar,Marsh House Avenue, Billingham, TS23 3DF (0.7 mi)
- Wellington,High Street, Billingham, TS22 5JY (0.9 mi)
The Swan Billingham
Potential Turnover
£692,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £50,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND L
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£23,500.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £50,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£30,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£34,000
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search
The Swan Billingham
Regional Manager’s thoughts on the Swan
The function room is a real asset to this pub, with capacity for up to 200+ customers. Currently used for a variety of events including weddings, historically holding its own marriage venue licence. We are seeking an experienced publican who can hit the ground running and make best use of all this fantastic pub has to offer.
Jonathan, Regional Manager
