Old Swan
8 Shenley Road, Bletchley, Milton Keynes, Buckinghamshire, MK3 6EZ
HIVE PUBS - REFURBISHMENT PLANNED
The Old Swan at Bletchley is currently a Greene King managed house that will be refurbished and relaunched as a Hive Pub. The rejuvenating refurbishment will see the pub totally transformed both inside and out creating better first impressions through the lighting and Hive blue painted brick décor, signage. The pub will look more welcoming and diner friendly upon entering with improved zoning, with additional fixed seating in the dining area, whilst the sports viewing and games area will be enhanced. The current garden is under-used and on a steep slope and we will improve this. A transformational investment in the garden will see a new patio dug out at a lower level to connect with the rear of the pub. There will be a new covered pergola housing 50 people with external TV for great sports viewing.
Bar
Dining areas
Garden
Kitchen
Patio
Location
The Old Swan is situated amongst the housing estates of Bletchley, south of Milton Keynes. The pub benefits from a small car park and external area to the rear. With an approximate 25,000 population within 1 mile there is a big catchment available.
Business Information
Annual rent
£0
Weekly rent
£0
Entry costs
£8,000
Turnover royalty
n/a
Forecasted Operator Turnover
£523,000
Forecasted Operator Profit (inc machine profit)
£40,000
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
Type of Tie
Agreement
Hive Pub Franchise Agreements are an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £5,000 entry fee and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. You can expect to earn a guaranteed minimum income of £20,000 which is paid weekly (£385 per week). In addition, you'll be paid a percentage of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses are available based on business performance and standards audits. Private accommodation is provided where available.
Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £3000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.
Deposit
£0
Fixtures & Fittings
£0
Legal Admin Fee
£0
Broker Fee
£0
Stocktaking Fee
£0
Working Capital
£3,000
Other Costs
£5,000
Total Entry Costs
£8,000
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 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) |
|---|---|---|---|
| 2023 | 331 | 2,142 | 4,438 |
| 2022 | 311 | 1,388 | 4,114 |
| 2021 | 170 | 856 | 3,419 |
The trade space is in an L shape with a sports zone opposite the bar and dining room to the front of the pub. From everywhere you sit you can see a TV screen. The kitchen is easily accessed from the end of the bar making service smooth to deliver to customers. The investment will create a welcoming covered area between the pub and the garden increasing the external covers to 78 (creating 36 additional covers).
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
140
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
16
Current Premises Licence Opening Hours
Opening hours to be confirmed.
The accommodation comprises 3 bedrooms, kitchen, lounge, bathroom, toilet and office.
Private Rooms
8
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
1
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
A Hive pub franchise is a great way for an experienced pub manager to run their own pub business for the first time. We set up the business, supply everything you need and offer you multiple ways to earn money. Greene King look after the majority of running costs, meaning you have a lower exposure to risk than via a traditional tenancy model. All Hive pubs are completely refurbished and modernised, meaning they really will be at the heart of the local community.
Alex De Araujo, Business Development Manager
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