Black Swan

17 Bath Street, Abingdon, Oxfordshire, OX14 3QH

WET LED TOWN CENTRE VENUE

The Black Swan in Abingdon is a strong wet led Town centre Pub with real potential to improve. The site is currently 100% wet led, although a simple food offer could be introduced to support the drinks trade. The pub caters for regulars and locals throughout the day, whilst attracting the younger circuit drinkers in the evening thanks for the 2am weekend late licence. The new operator will need to re position the pub with a stronger product range, offer live sport and regular entertainment to stand out from the crowded local market place.

Location

Abingdon is a bustling market town on the outskirts of Oxford with a growing population of around 33,000. With a strong cultural history, and being just 5 miles south of Oxford, the town has undergone much recent development and continues to flourish as a popular place to live with a great selection of local schools and historic attractions.

Business Information

Annual rent

£22,700

Weekly rent

£437

Entry costs

£29,175

Turnover royalty

n/a

Forecasted Operator Turnover

£342,213

Forecasted Operator Profit (inc machine profit)

£25,118

Forecasted Operator Machine Profit

£3,800

Average Beer & Cider Discount*

£72

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term. The annual rent shown (£22,700 per annum) takes into consideration a machines supply concession. The annual rent will be £26,500.00 if you prefer not to have Greene King supply machines to you.

Entry costs approximately £29,175.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £10,300 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£6,000

Fixtures & Fittings

£10,300

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£29,175

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 & 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2021 121 569 288
2020 88 310 224
2019 190 154 97

The pub has single floor trade area with games room to the rear. There is fixed seating throughout and in 2020 the pub received a sparkle investment , meaning the pub is in excellent condition throughout.

Trade Bars

1

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

36

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Mon-Wed: 09:00 - 00:30
Thu-Sat: 09:00 - 03:00
Sun: 11:00 - 00:30

The accommodation is in good condition and comprises 3 bedrooms, kitchen, lounge, bathroom and toilet

Private Rooms

7

Lounge

1

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am looking for an owner operator, to take the Black Swan and really drive the business forward. Someone who can handle and cater for a late night crowd, vertical drinking and live sport will be able to unlock the potential here. If you feel you have the skill set to be a success at the Black Swan, please contact the recruitment team for more information

Wayne Farrell, Business Development Manager

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