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Beer Garden
FindMyPub.com
External Drinking Area
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Letting Rooms
FindMyPub.com
Car Park
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Childrens Play Area
FindMyPub.com
Restaurant/Dining
Property details
The White Swan sits thirteen miles northeast of Lincoln. It is a well-loved market town boasting versatile demographics within the borough and an approximate population of 5,000. Market Rasen is also famous for its racecourse, which brings significant visitors several times a year.
You’ll be taking the helm of a business that you can make your own and reconfigure to suit the needs of a versatile demographic. Here, you’ll discover six rooms to let, including a family room, a restaurant currently used for pool, darts, and sports viewing but capable of seating over thirty covers, and a car park boasting circa fifteen spaces.
The pub is well-loved by visitors to the town, guests looking to celebrate special occasions, regular locals, diners, and families. The site also enjoys a prominent location, sitting within the licensed circuit of the town.
The White Swan is a characterful pub oozing potential. It has charming décor and a central bar, which works well with zoning quiet drinks, the main bar, and the food area. Guests enjoy the many alcoves with fixed seating that can host small groups or families. They also love the several TVs offering sports viewing.
The letting rooms are a simple but decent offering with a strong turn-rate. All ensuite and suitable for most needing a short-stay option. There is a fantastic opportunity to market these rooms effectively to grow trade further.
The outside area is ideal for capitalising on the family market, and there is an opportunity to invest here to grow trade further. The external bar can reduce pressure from the kitchen, and you could offer takeaway options like pizzas for pub customers and town residents to enjoy. Guests love the medium-sized garden with a container in place for an outside bar. It also includes play equipment for children and a covered seating area hosting half a dozen benches.
The landlords are converting the former function room upstairs into two-bed private accommodation for the operators, including a private kitchen and a lounge.
FindMyPub.com
Cask Ale
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Catering Kitchen
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Team Games
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Pool Area
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Live Sports
Trading style
Are you looking to run an incredible pub business with letting rooms in Market Rasen? Look no further than the White Swan.
Are you a creative entrepreneur with a vision? Ready to take a business with bags of potential that you can make your mark on?
This charming pub in this picturesque town has a bright future under a personable operator who likes having multiple income streams within the business. It would suit an operator who can offer a welcoming environment, with a flair for hosting events at the pub and advertising them online.
You’ll be experienced in trading to the mid-market and able to deliver a quality overnight stay offer.
The operation will require knowledge of bar service, letting rooms, and events. A small multiple operator may also suit this opportunity.
Key financials
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Reference Number:
9MTS0A / 326077
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£7,750.00
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Annual Rent:
£29,500.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Financial Information:
- Full Deposit = £7,375
- Legal Fees = £375
- Maintenance Fund Per Week = £40
- Fixtures and Fittings Weekly Rent = £164
- Working Capital = £4,000-£6,000
Business Information:
- Annual Rent = £29,500
- Forecasted Annual Wet Turnover = £437,817
- Forecasted Annual Letting Room Turnover = £54,597
- Forecasted Annual Other Turnover = £2,808
- Agreement = Flexible Tenancy