Swan Billingham

**Reduced Rent - £23,000 per annum/£442 a week!**…

**Reduced Rent - £23,000 per annum/£442 a week!** The Swan, a beloved and well-established public house located on a prominent main road in Billingham, presents a fantastic opportunity for a new publican to take the reins of a thriving local business. With a rich history that dates back to the 1940s, The Swan has become a cornerstone of the community, serving as a popular gathering spot for both locals and visitors. In addition to its day-to-day offerings, The Swan boasts a large function room that can accommodate over 200 guests, making it an ideal venue for larger events such as weddings, birthday parties, and corporate gatherings. The versatile space can be tailored to suit a wide range of occasions, providing the perfect setting for memorable celebrations. This feature significantly enhances the pub’s potential, offering a lucrative opportunity for hosting private events and attracting additional business throughout the year. Located in a high-traffic area with a catchment of over 230,000 people within a 15-minute radius, The Swan benefits from excellent visibility and a strong community presence. Its spacious, flexible layout suits both casual dining and special occasions, making it a popular choice for a diverse range of customers. Key Features • Community pub based in a large catchment area • Large function room for over 200 covers • Recently upgraded main bar with pool table and large TVs • Three-bedroom private accommodation • Discounts of up to £220 per barrel but has an average of £180 per barrel Business & Financial Information • Estimated ingoings (upfront): £7,295 • Full deposit: £6,500 • Agreement fee: £795 • Guide rent (weekly): £500 • Guide rent (annual): £26,000 • Forecast turnover (weekly): £474,066 • Forecast turnover (annual): £474,065 Ideal Operator We are looking for an experienced publican with a strong background in running events and a proven ability to attract the right customers through effective marketing channels, including social media and traditional methods such as banners outside the pub. The ideal candidate will have a successful track record in the hospitality industry and a passion for creating memorable experiences that engage both regulars and new visitors. Private Accommodation The first-floor living accommodation is ideal for a family, featuring three well-proportioned bedrooms, a comfortable lounge, a functional kitchen, and a modern bathroom, all presented in excellent condition. Regional Manager's Thoughts The function room is a real asset to this pub, with capacity for up to 200+ customers. Currently used for a variety of events including weddings, historically holding its own marriage venue licence.  Surrounding Area The Swan is ideally situated within a thriving residential neighbourhood, surrounded by a mix of private homes and former council houses that have been privatized. The pub is conveniently located near a local shopping centre, offering residents easy access to essential amenities. Recent developments in the area, including a new theatre and local swimming baths, have further enhanced the pub's appeal and attracted a wider range of visitors.