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Swan Inn, Worcester

Worcester, WR1 1JE

Your investment

£10,000

Agreement Type

Tenancy

 Admiral Taverns are looking to complete a full internal and external redecoration with the successful licensee as well as refurbishment of the letting rooms. This is a really exciting opportunity to help re-launch a heart of the community pub! The Swan Inn enjoys a prominent central position on the main A38 Road into Worcester City Centre.  The pub benefits from being close to residential streets, local businesses and schools. The pub is within easy walking distance of all local shops and amenities, the bus stop is directly opposite the pub and the train station is less than one mile away on foot.

Admiral Taverns are looking to complete a full internal and external redecoration with the successful licensee as well as refurbishment of the letting rooms. This is a really exciting opportunity to help re-launch a heart of the community pub! The Swan Inn enjoys a prominent central position on the main A38 Road into Worcester City Centre.  The pub benefits from being close to residential streets, local businesses and schools. The pub is within easy walking distance of all local shops and amenities, the bus stop is directly opposite the pub and the train station is less than one mile away on foot.

Pub Layout

As you enter the Swan Inn, you enter a large open plan room on the ground floor with a central bar in front of you. The bar offers all round vision as well as allowing ease of service to all areas.  There is a pool, darts and sports area to the right hand side which also hosts a fruit machine and juke box. On the left side, is a mixture of fixed and loose seating that can be utilized to watch sports on the television as well as allowing drinkers to sit or stand. To the front of the pub is some seating which doubles up as a smoking solution together with a car park that fits approximately six to eight cars. Admiral Taverns are looking to complete a full internal and external redecoration with the successful licensee as well as refurbishment of the letting rooms. This is a really exciting opportunity to help re-launch a heart of the community pub!

The Swan can be a really successful community local pub, with a strong emphasis on weekly entertainment, live sports and sports team. Live music has historically been popular and the pub runs a host of events such as quizzes, discos, karaoke nights, fundraisers and special events driving the community spirit that the Swan thrives on. The bar is well stocked with a good range of beer, wine, larger and spirits. There is a small kitchen area that would enable the introduction of a basic snack and food offer. The Swan also benefits from three letting rooms; two double and one single all of which are en-suite.  These have previously been utilised well through the week by builders or long term lets.

 

Private Accommodation

The domestic accommodation is of a good size and provides ample family accommodation. This consists of two bedrooms, lounge, kitchen and domestic bathroom.

The trade accommodation consists of three en-suite rooms. Two of which are doubles and one is a single.

Annual Rent: £ 19,750 (with investment)

Security Deposit: £5,000

Working Capital: £2,500

Stock: £2,500

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: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Swan is a traditional community wet led local. Admiral Taverns are looking for a licensee that is confident in re-launching a refreshed pub and an exciting offer. The ideal person will be someone who relishes in becoming a local community pillar, driving a community pub forward and who enjoys throwing themselves into pub and community life.

To further increase turnover there is the opportunity to introduce a small traditional food offer or a sandwich and snack type menu. There is also scope to introduce hot pies or the offering of some sort of local provenance. The ideal licensee would also have a passion for good beer, exceptional customer service and driving the community feel that this site thrives on. There is also room to develop and grow the ever expanding cask ale offer here.

Subject to full and final board approval and subject to contract, Admiral Taverns are looking to complete a full internal and external redecoration with the successful licensee as well as refurbishment of the letting rooms. This is a really exciting opportunity to help re-launch a heart of the community pub!

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 – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

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.

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.

Subject to full and final board approval and subject to contract, Admiral Taverns are looking to complete a full internal and external redecoration with the successful licensee as well as refurbishment of the letting rooms.

The Scope of Works – PUB

Externals:
-Full redecoration
-New signage scheme to new design proposals
-New lighting

Internal Trade Areas:
-Full internal decoration
-Panelling to be painted
-Sand and stain existing timber floor
-Additional fixtures and fittings
-Paint front bar and re-polish top
-Adapt backbar and embellish with new paint finish, mirror and bottle steps

Toilets:
-New floor tiles to replace existing
-New mix of full and half height bead and butt
-New vanity unit from painted MDF with dummy handles
-New lighting

The Scope of Works – LETTING ROOMS

Letting Room Corridors:
-Full Internal decoration

Letting Rooms:
– Full Internal decoration

Letting Rooms En-Suites:
– Full Internal decoration

Private Accomodation:
-Redecoration and repairs


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