If you are looking for pubs to lease in North Walsham, you could run The Black Swan !
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Pubs To Lease In North Walsham – Run The Black Swan
The Black Swan is a popular pub and live music/entertainment venue in the centre of the thriving market town of North Walsham. The pub comprises of a lounge with bar areas, which also includes a separate function room with stage and bar. There is a private car park for 8 – 10 cars along with a council run car park directly to the rear of the pub. The pub is wet led at present, however, there is potential to expand the food offering. This is a great opportunity for a first-time publican with catering and marketing experience or an established publican looking for a centrally located town pub.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Indoor trading area at The Black Swan North Walsham
The pub boasts a bar area tastefully decorated throughout with tiled and wood-effect vinyl floors and a central bar servery. The area is divided into a games section with a pool table, gaming machines and juke box. The other half consists of a large seating area for up to 25 covers. There is a fully equipped trade kitchen adjacent to the bar area which could be utilised for expanding the food offering. To the side of the pub, there is a separate, self-contained function room. This is fully furnished with its own bar servery, toilets and stage, a great way to bring the local community together for live music, karaoke nights, discos, comedy and a wide range of events. It could also be hired out to customers for a variety of private functions.
Outdoor trading area at The Black Swan North Walsham
Whilst the pub doesn’t have a beer garden, the paved area in front of the function room is well used for outside seating and socialising. The pub has a tarmac car park with space for approximately 8-10 vehicles.
Your living accommodation at The Black Swan North Walsham
The private accommodation is situated on the first floor and accessed via a separate door. The accommodation comprises a kitchen with fitted base units, wall cupboards, stainless steel sink and plumbing for dishwasher and washing machine. There are four double bedrooms and one single bedroom, a large lounge, bathroom and office. The private accommodation is due to be fully refurbished and redecorated throughout.
Surrounding area
The Black Swan is in North Walsham, approximately 15 miles north of Norwich with a population of circa. 12,500. The pub sits in the centre of the market town and has easy access to the railway station and local shops.
Local competition
Feathers,Market Street, North Walsham, NR28 9BZ (0.1 mi)
Kings Arms Hotel,Kings Arms Street, North Walsham, NR28 9JX (0.1 mi)
Orchard Gardens,Mundesley Road, North Walsham, NR28 0DB (0.4 mi)
Blue Bell,Bacton Road, North Walsham, NR28 0RA (0.8 mi)
Scarborough Hill Hotel,Yarmouth Road, North Walsham, NR28 9NA (1.2 mi)
Potential Turnover
£390,000.00 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: £29,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND F
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
£13,250.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £29,000.00), 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
£10,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£24,000
This pub would be a great opportunity for an experienced publican or an individual with previous catering experience to develop this popular town centre venue. The pub offers high levels of flexibility and would benefit from offering a good food menu during lunchtimes whilst becoming a music venue in the evenings. The separate function room is a fantastic asset to the pub, providing an extra income stream to boost trade in quieter months. The Black Swan is at the heart of the local community and provides the new publican with an opportunity to put this great pub back on the map.
Paul, Regional Manager
