**Reduced Rent - £23,000 per annum/£442 per week!**
The Swan, a beloved and well-established public house located on a prominent main road in Billingham, presents a fantastic opportunity for a new publican to take the reins of a thriving local business. With a rich history that dates back to the 1940s, The Swan has become a cornerstone of the community, serving as a popular gathering spot for both locals and visitors.
In addition to its day-to-day offerings, The Swan boasts a large function room that can accommodate over 200 guests, making it an ideal venue for larger events such as weddings, birthday parties, and corporate gatherings. The versatile space can be tailored to suit a wide range of occasions, providing the perfect setting for memorable celebrations. This feature significantly enhances the pub’s potential, offering a lucrative opportunity for hosting private events and attracting additional business throughout the year.
Located in a high-traffic area with a catchment of over 230,000 people within a 15-minute radius, The Swan benefits from excellent visibility and a strong community presence. Its spacious, flexible layout suits both casual dining and special occasions, making it a popular choice for a diverse range of customers.
The 1st floor living accommodation is perfect for a family, comprising three bedrooms, a lounge, kitchen and bathroom, all in good condition.
Working Capital: £31,000.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £114,659.57
Forecast Other Turnover: £5,217.88
Forecast Wet Turnover: £344,015.10
Agreement Fee: £0.00
Cash Float: £2,000.00
Fixtures & Fittings: £25,000.00
Forecast Turnover: £463,892.55
Full Deposit: £6,500.00
Full Tie Release: £35,250.00
Guide Rent: £26,000.00
Initial Deposit: £0.00
Repair Fund: £2,500.00
Stock & Glassware: £6,000.00
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.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
Love Your Pub is a multi service hospitality platform which includes a social media agency, pub recruitment channel, guide and much more. Listing your pub with Love your pub on the guide and taking advantage of our social media management service will boost your visibility as Love Your Pub is the biggest online hospitality guide there is. Alongside our guide and social media package we offer a range of pub support, pubs on the market and much more.
The Love Your Pub Group ®, “Pierre The Pug” ® & Follow Pierre ® are licensed trademarks of Hardys Consultancy Ltd. All written content and imagery appearing on this website & third party social media pages which we provide services for remain the intellectual property of Hardys Consultancy Ltd both during & after any services we have provided to our clients. If you wish to use any of our material from this site and our archives, please contact us to obtain both permissions & rate cards for external use.
