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Swan, Rushden

Rushden, NN10 0SR

Your investment

£9,000

Agreement Type

Tenancy
  • Great location surrounded by quality housing.
  • Fantastic external bar and garden area.
  • Established business with excellent trade.

The Swan is located in the small Hamlet of Newton Bromswold. The hamlet is 8 miles from the new shopping complex of Rushden Lakes and is surrounded by beautiful countryside which is popular with destination diners, tourists and walkers. The Swan features in one of local author H.E Bates’s novels, and was frequented by US bomber pilots from nearby RAF Chelveston in the war

Pub Layout

The three trading areas at the Swan are fed by the main bar area. The bar itself is situated at the rear of the building looking out towards the beautiful gardens. This area can seat 30 – 40 people and has stunning views of the church. The entrance from the pavement or car park leads directly into the main bar area which is home to a fantastic skittle table that is popular with the locals. To the side of the bar there is a separate room that can accommodate small groups and has previously been used for local meetings or charity events. There is a car park on site making this the perfect destination local.

The pub is in excellent condition and has a wealth of period features including open fires and welcomes both regular drinkers and walkers who like to socialise with friends.  The pub is renowned for its wonderfully kept and poured cask ale and has previously offered food a few years ago. A food offering could be re-introduced however compliance works would need to take place in order to promote a more substantial food offering.  The continued focus on attracting locals and walkers, incorporating team sports and local charity events will ensure this pub continues as the hub of the community.

 

 

Private Accommodation

The private accommodation consists of two good sized bedrooms, a lounge and a newly refurbished bathroom. The kitchen is located downstairs and serves as a domestic kitchen.

 

Annual Rent: £16,000

Security Deposit: £5,000 

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.

 

The Swan is the village gem. The ideal licensee will be someone that is prepared to run the pub as if it’s an extension to their very own living room. A warm, welcoming pub that has remained relatively unchanged over the years focusing on incredible cask ale and a personal and friendly customer service. The ideal licensee would be someone who likes quieter village life, but is passionate about being the pillar of the community, enjoys organising small events, sports nights, darts and much more, as well as creating the place for people to visit as a home from home whilst retaining the original cosy and warm atmosphere that this site is renowned for.

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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