Hanbury, Swansea

The Hanbury is a large fronted city centre pub, situated just a stones through away from large retail outlets and local shops. Swansea caters for both the growing student market and visiting tourists enjoying all this seaside city has to offer. The pub has a great reputation and is known as the ‘go to’ venue before hitting the late-night city centre clubs and bars.

Pub Layout

The Hanbury is a spacious pub with approximately 60 covers all serviced by the impressive well stocked bar. The product range is vast catering for both the local and student market. The décor throughout is in good order and the pub has plenty of booth seating balanced with smaller individual tables for the many locals to gather and meet with friends. The pool table is in its own area which could also be utilised for small functions. Due to its location, there is a small smoking solution to the rear and plenty of pay and display car parks within walking distance to the pub.

The Hanbury is well supported all year round with a steady local trade and a bustling student market. The pub has established a great reputation for live music and is the venue of choice for young new bands starting out.  There is a local pool league during the mid-week although the pub has potential to develop a strong rhythm of the week with quiz nights and community events. Unlocking the growth in the very popular cask market would be advantageous to draw in new clientele. Although the pub has no kitchen a small back bar food offer could easily be achieved with the likes of pizza’s and pies.

Private Accommodation

The private accommodation consists for two bedrooms, bathroom, kitchen and sitting room all in reasonable order.

Annual Rent: £18,500

Security Deposit: £5,000

Working Capital: £3,000

Stock: £2,000

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Hanbury is a little hidden gem within the city centre that has a lot of appeal to a wide variety of customers. It is well supported by a strong local community and a large group of regulars. I would be looking for a licensee(s) who could continue to build these strong links with the community but also willing to take risks to try new ideas to encourage new customers to visit the pub. Previous experience would be advantageous but not a necessity. The site is well renowned as a music venue so a passion for music would be ideal to build links with an already established music community.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *