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.
Bar
Kitchen
Patio
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
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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