Pub Overview Fantastic opportunity to take over a community focused pub. What would you do with this pub to make it a success? The area The White Swan is located in the historic market town of Otley, not far from Leeds. The pub is positioned near the centre of Otley on the Boroughgate, a main thoroughfare through the town, alongside other local businesses and town centre residences. Otley holds regular markets and is very close to the Otley Chevin Forest Park and the Yorkshire Dales National Park, making it popular with walkers and tourists. Demographics The pub benefits from being one of 18 pubs found in an area of around 4,018 adults within a 10-minute walk time. The White Swan Otley customer base is made up of midlife and mature and young adults. The offer Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food & drinksoffer. What food & drinks would you look to implement in the pub? The site currently has the ability to drive trade via darts, live sports and pub games machines. It offers a selection of cask ales, coffees, and popular beers, ciders, wines and spirits. 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. The right operator for the pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers. If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter Features Foundation Tenancy Pub Games Catering Kitchen Cask Ale Outdoor Trade Car Park Private Accommodation Trading Area & Facilities Trading areas and facilities Main trading area with bar 44 internal covers Full electric kitchen Patioed garden with covered seating area Car park with 6 spaces Darts area Private Accommodation Private accommodation consists of 2 bedrooms, kitchen, bathroom, a living room, office and reception room. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £48,075 Estimated Minimum Ingoing Costs £16,691 Annual Rent £38,303 Estimated Annual Turnover £514,257 Deposit £9,575 Estimated Fixtures & Fittings Value £25,000 Estimated Stock Valuation £10,000 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.