tenancy
90 Triangle, Malmesbury, Wiltshire SN16 0AH, UK
Approx. Total Ingoings
£11,000Annual Rent
£20,000A popular community business, the Three Cups is situated in the historic town of Malmesbury, at the edge of the Cotswolds. Over the previous three years the pub has built up an excellent reputation and thriving business but is now in need of a new publican to add fresh ideas. A warm and welcoming environment, the pub plays host to an array of guests from all ages and offers a fun place to socialise. Operating with two bar serveries, a function room/skittle alley, good sized trade kitchen and a picturesque garden terrace there are plenty of facilities available to take this pub to the next level. This is an excellent opportunity for an experienced publican or new starter to the trade to take on a business in this highly sought-after location.
Private Accommodation: The private accommodation comprises three well equipped bedrooms, fully fitted domestic kitchen, lounge and bathroom.
Indoor trading area
There are three main trading zones within the Three Cups. Firstly, the main bar has a traditional L shaped design with fixed seating, games area, TVs and features low ceilings with exposed beams. A lounge bar has seating for 20 covers providing a cosy environment with a log burner that is popular in the winter months. The third bar serves the skittle alley/function room which is located on the first floor and has the capacity for 40 covers. Each area is serviced by a good-sized trade kitchen located on the ground floor that can cater for a traditional pub menu.
Outdoor trading area
To the rear of the pub lies a partially covered patio area which the current publicans extended in the summer with the addition of a picket fence and more benches. There is a small car park with space for four vehicles, this is reduced in summer for garden space. There is also street parking directly in front of the pub.
Regional Manager Comments
The Three Cups is a well-supported community pub and there is potential for a new operator to build on the thriving wet trade by introducing a small catering offer. A traditional venue, it would suit an experienced wet led operator who is keen on sports and mixing with locals, utilising the skittle alley, pool table and darts board to increase footfall.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room
Approx. Total Ingoings
£11,000
Annual Rent
£20,000
Potential Turnover: £305,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £20,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £11,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £6,000 (excl VAT)
To be discussed with the Regional Manager.
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