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Swan, Braintree

Braintree, CM7 1UL

Your investment

£6,000

Agreement Type

Short Term Only
  • Fantastic town centre location
  • Opportunity to introduce food
  • Flexible terms on offer

The Swan is situated in the centre of Braintree right on the Market Square, so is in a very prominent position. Braintree itself is a market town with a population of 42,000 and the demographics especially in the local villages are good. Braintree has the nearby massive freeport shopping area and is also on the A120 which links directly to Stansted Airport, just 30 minutes away. There is a multiplex cinema, bowling alley, and various restaurants and shops within the freeport. Braintree has two main market areas that link throughout the town, which are run twice weekly on a Wednesday and Saturday. They are based outside the town hall in Market Square, and also run along Bank Street and the High Street. The High Street is mainly a pedestrianised area, which allows buses only to commute through the town.

Pub Layout

The Swan has a large central bar with seating areas all around with separate areas behind the main bar which are suited for dining guests and a pool table located at the front. There is a large patio courtyard garden to the rear with access to the dry store and outbuilding which is currently used for storage. The commercial catering kitchen which was refurbished roughly 5 years ago, is fully compliant and externally, there is a small car park for approximately four vehicles.

 

The pub currently trades as drinks led only, which has proven to be successful at this site for the local community. There is entertainment at weekends, with the pub being more locals led throughout the week.

The private accommodation consists of three double bedrooms, two bathrooms, a kitchen, a large lounge and large office space. There is also a separate private entrance to the private quarters. The private quarters is in reasonable condition but in need of some decoration.

Annual Rent: £10,400

Security Deposit: £2,000 

Working Capital: £2,000

Stock: £2,000

F&F: TBC – Funding options may be 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.

We are looking for an operator that can maximize the potential here and potentially introduce a good food offer as well as drive the wet business to the next level. The site is currently for sale and so the deal available will reflect this.

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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