Swan

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

Pub overview

Fully refurbished pub in a great location, in the heart of an affluent Bedfordshire village with letting rooms and a large garden.

The Swan is located in a well respected village in Bedfordshire and close to a world known university. Refurbished throughout in June 2015 to a high standard, this is a dog friendly, family village pub just 5 minutes drive from the busy A421 and 10 minutes drive from Milton Keynes. There is opportunity for growth with the food offer and fully utilising the 3 letting rooms. There is lots of storage space and a car park. Beer Festivals are popular in the summer in the garden, as are BBQs and the pub usually does live music once a month.

The trade areas consist of 2 rooms. The main dining room consists of 30 covers and is located to the left hand-side of the building. Centrally there is a bar and additional 20 covers and to the right of the property which leads out to the beer garden.

Trade space
Bars 1
Car park spaces 10
Dining rooms 1
Food covers 50
Gardens 1
Trade kitchens 1
Rooms to let 3
Patio areas 1

The private accommodation consists of a lounge, bathroom and 2 bedrooms (one of which is currently used as an office/kitchen)

Private space
Private Rooms 5
Lounge 1
Double bedrooms 2
Bathrooms 1
Toilets 1

Rent information

Annual rent £30,000.00 per annum
Weekly rent £576.92 per week fixed
Notes

£30,000 per annum, £576.92 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £0,000 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). Please note Fixtures and Fittings are still to be valued.

Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings TBC Working capital £10,000.00
Other costs £5,000.00 Total entry cost £22,650.00

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2015/16 152 1,575 3,136
2014/15 133 1,246 3,013
2013/14 196 2,204 5,718
Volume notes

Location

Cranfield is located in the North West of Bedfordshire, between Bedford and Milton Keynes. 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 2nd wet led pub, an Indian restaurant and a hairdresser.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Letting rooms
Trade patio

Current premises licence opening hours

Monday to Saturday - 06:00 - 00:00 Sunday 09:00 - 23:00

Contact Us

Steve Look

Business Development Manager

Call us today 0845 607 5330

Apply online
“ Greene King are looking for a community minded individual or couple that have catering skills to take the well invested Swan to the next level making the most of its great location in an affluent Bedfordshire village known for its globally recognised university, The Swan has a great catchment area to draw customers from, Newport Pagnell, Milton Keynes & Bedford are all less than a 15 minutes drive. ”