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White Swan, Warley

Oldbury, B69 3AD

Your investment

£7,000

Agreement Type

Tenancy

The White Swan is a spacious drink focused community pub. Situated just off the town centre circuit of Warley with local amenities and large supermarket. The town also benefits from a weekly local market which is just adjacent to the pub. Warley is a borough of Sandwell in the West Midlands

The White Swan is a spacious drinks focused community pub. Situated just off the town centre circuit of Warley with local amenities and a large supermarket close by.  The town also benefits from a weekly local market which is adjacent to the pub. Warley is a borough of Sandwell in the West Midlands.

Pub Layout

On entry from the main street you are greeted with a large spacious area divided into three areas. The front area lending itself to a local day time drinkers area with a television and pool table and with a balance of loose and fixed seating. There is a raised area which has more tables and chairs.  To rear of the pub is an area which previously would lend itself to a more relaxed dining area with a basic value food led offer. The kitchen at this moment requires upgrading and should be fully utilised by the new licensee.  The leads onto an enclosed beer garden which proves popular in the warmer months.

The pub is currently drinks focused and predominantly is driven by consumers looking for value during the day coupled with a solid Friday and Saturday night trade of karaoke and disco. There is no cask ale although there is the potential to re-launch And appeal to the cask ale enthusiasts. The pub operates a strong rhythm of the week alongside a strong football following which serves both the local team and the Sky fixture list. Whilst it is a town centre pub it does have the support of local sports teams.

Private Accommodation

Three bedrooms, kitchen, office, bathroom, sitting room , there is also a balcony. This can all be accessed from a sperate entrance

Annual Rent: £16,000

Security Deposit: £3,000

Working Capital: £2,000

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: £250 plus VAT

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

This is a fantastic opportunity for the right operator to develop this chameleon operation, by day there is an opportunity to offer a place to rest after a hard day shopping, by evening this is a vibrant circuit pub offering a strong music / DJ led venue, not forgetting a strong focus on all sporting events. I am looking for a passionate and driven individual or couple who have excellent retail standards. Ideally the best person for this pub would be someone at ease with the local demographic. They would need to see eye to eye with these consumers and provide the offer that they require. A strong level of control would need to be applied to ensure the pub trades compliantly and fits in with the licensing objectives. Whilst there is not an operational kitchen, there is an opportunity to offer a small “back bar” food offering.

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.


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