Swan

2 Court Road, Cranfield, Bedford, Bedfordshire, MK43 0DR

A GREAT BUSINESS, IN AN AFFLUENT VILLAGE

The Swan is an attractive opportunity to operate in an affluent Village in Bedfordshire. Cranfield is a well respected Village with a world famous University. The site was refurbished in 2015 and is a dog friendly, community focused Pub. Cranfield is surrounded by large towns, so by nailing the food offer and driving it forward, you could make the Swan a true ‘destination’ venue. There are also three en suite letting rooms which could be utilised further and sport on TV is a key attraction for local residents. With these revenue streams, the opportunity to grow this business is vast and offers a truly exciting opportunity, which Greene King will support you and your team along the way, to achieve new heights

Location

Cranfield is located in the North West of Bedfordshire, between Bedford and Milton Keynes. The Swan has a great catchment area to draw customers from; Newport Pagnell, Milton Keynes & Bedford are all less than a fifteen minute drive. The area is known for its world respected University, Technology Centre and Aerospace Centre. The village also has its own private airfield which used to be a working RAF training airfield. The Nature Park and walking/cycling trails are only a couple of minutes walk from the Swan which is situated in the centre of the village next to the church and the village hall. The village also has several other businesses including a supermarket, an estate agent, accountancy firm, a second wet led pub, an Indian restaurant and a hairdresser

Business Information

Annual rent

£30,000

Weekly rent

£577

Entry costs

£13,900

Turnover royalty

n/a

Forecasted Operator Turnover

£360,675

Forecasted Operator Profit (inc machine profit)

£31,645

Forecasted Operator Machine Profit

£2,125

Average Beer & Cider Discount*

£126

Type of Tie

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

Agreement

Flexible Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation. Machine income shared 50/50

Entry costs approximately £13,900.00, 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 £3,000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£3,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£4,650

Total Entry Costs

£13,900

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 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 33 372 756
2019 155 1,747 4,756
2018 196 2,005 6,251

The trade area is split into two rooms. A bar with around twenty covers, pool table, big screen TV and access to the garden. There is also a lounge with around thirty covers, ideally set up for dining. Additionally, there are also three en suite letting rooms.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

50

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

3

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

10

Current Premises License Opening Hours

Mon - Sat: 06:00-00:00
Sun: 09:00-23:00

The private accommodation consists of a lounge, bathroom and two bedrooms (one of which is currently used as an office/kitchen)

Private Rooms

5

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

I am are looking for a community minded operator with catering skills to take the Swan to the next level. The Pub is well situated to serve the local community but is also in an excellent destination with so many large towns close by, so improving the food offer could be your key to success here. If this sounds like the perfect venture for you, then please get in touch today.

Phil Venables, Business Development Manager

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