The Hanbury is a large fronted city centre pub, situated just a stones through away from large retail outlets and local shops.
The Hanbury is a large fronted city centre pub, situated just a stones through away from large retail outlets and local shops. Swansea caters for both the growing student market and visiting tourists enjoying all this seaside city has to offer. The pub has a great reputation and is known as the ‘go to’ venue before hitting the late-night city centre clubs and bars.
The Hanbury is a spacious pub with approximately 60 covers all serviced by the impressive well stocked bar. The product range is vast catering for both the local and student market. The décor throughout is in good order and the pub has plenty of booth seating balanced with smaller individual tables for the many locals to gather and meet with friends. The pool table is in its own area which could also be utilised for small functions. Due to its location, there is a small smoking solution to the rear and plenty of pay and display car parks within walking distance to the pub.
The Hanbury is well supported all year round with a steady local trade and a bustling student market. The pub has established a great reputation for live music and is the venue of choice for young new bands starting out. There is a local pool league during the mid-week although the pub has potential to develop a strong rhythm of the week with quiz nights and community events. Unlocking the growth in the very popular cask market would be advantageous to draw in new clientele. Although the pub has no kitchen a small back bar food offer could easily be achieved with the likes of pizza’s and pies.
The private accommodation consists for two bedrooms, bathroom, kitchen and sitting room all in reasonable order.
Annual Rent: £22,500
Security Deposit: £5,000
Working Capital: £3,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
The Hanbury is a little hidden gem within the city centre that has a lot of appeal to a wide variety of customers. It is well supported by a strong local community and a large group of regulars. I would be looking for a licensee(s) who could continue to build these strong links with the community but also willing to take risks to try new ideas to encourage new customers to visit the pub. Previous experience would be advantageous but not a necessity. The site is well renowned as a music venue so a passion for music would be ideal to build links with an already established music community.
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.
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