Pub Overview Exciting investment opportunity What would you do with this pub to make it even more of a success? The area Located in the centre of the picturesque market town of Kelso, The White Swan occupies a prime position on the edge of the vibrant market square, surrounded by an array of independent businesses. Kelso’s resident population of circa 7k is experiencing growth, with new housing developments and an influx of younger households and families. Visitors are drawn to Kelso by a host of different local attractions, such as Floors Castle and The Racecourse, and by events such Kelso Civic Week, the annual Scooter Week and the Border Union Show. The White Swan will offer when refurbished. The White Swan is a two bar operation, which will be refurbished to a high standard, creating a modern, comfortable and relaxed space, which local residents, business people, and visitors to Kelso can enjoy. The exterior of the pub will be redecorated & re-signed, both at the front and rear entrances, to give it more prominence. There is an opportunity to develop a really good quality Pub Food Offer, both daytime and evening, to complement the quality Drinks Range, which includes Cask Beer. Regular activities might include Televised Sport, Live Entertainment at Weekends, and a Quiz Night. There is also space in the front bar of the pub to hold private functions, events, and celebrations for circa 25 people. Finally, the White Swan offers a two bedroom apartment with separate entrance. The White Swan is available on our foundation tenancy agreement. Click here for more information on this agreement. We’re always open to new ideas, what would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring and knowledge of the Borders area would be ideal. We are looking for an enthusiastic person to relaunch the White Swan. The right Operator is likely to have Some knowledge of the local area in and around the Scottish Borders and Northumberland. Previous experience of creating & delivering a good quality Food Offer in an informal hospitality setting. The vision to create a brilliant town focused hub at the White Swan, which attracts both locals and visitors throughout the year If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter The White Swan will be undergoing a refurbishment which will cover the interior and exterior of the pub. Features Refurbishment Planned Foundation Tenancy Private Accommodation Catering Kitchen Music Venue Live Sports Cask Ale Trading Area & Facilities The White Swan will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pubs trading area and facilities post refurbishment will be: Main trading area with bar 81 internal covers Catering kitchen Function room Smart Dispense Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016). Private Accommodation There is a spacious flat with 2 bedrooms and a seperate entrance included. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £44,331 Estimated Minimum Ingoing Costs £44,331 Annual Rent £29,323 Estimated Annual Turnover £462,401 Deposit £7,330 Estimated Fixtures & Fittings Value £26,000 Estimated Stock Valuation £7,500 Estimated Working Capital £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow Refurbishment Details Download arrow