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Swallow, Havant

Havant, PO9 5BE

Your investment

£10,000

Agreement Type

Tenancy
The Swallow is situated in the Leigh Park estates and approx. 1 mile from Havant and 5 miles from Po...

The Swallow is situated in the Leigh Park estates and approx. 1 mile from Havant and 5 miles from Portsmouth. The pub is on good public transport links and a short walk from the town centre and supermarket.

Pub Layout

The pub is a two-bar operation although the second bar has been used more as a function room for a while now. There is a pool table and darts throw and pub games are popular with the locals. There is a small smoking solution to the rear and a car park and external area that could be utilised better to provide more external seating and facilities.

The Swallow is a traditional estate pub and trades to a customer base from the area mainly. It is a wet-led pub with pub games and offers some live sport and entertainment.

Private Accommodation

The private accommodation consists of three bedrooms, lounge, kitchen and bathroom.

 

Annual Rent: £18,000

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

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 Swallow has traded well in the past and needs to be taken on with a view to improving the offer to customers and adding to the facilities to compete with the local pub and social club that have taken market share since lockdown/reopening.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – 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 – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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