under offer
under offer
tenancy
High Town, Southam Road, Princethorpe, Rugby CV23 9PR, UK
Approx. Total Ingoings
£19,250Annual Rent
£33,000Steeped in history and a renowned local landmark which was originally three cottages built in the late 18th century, the Three Horseshoes has been serving the civil parish of Princethorpe for hundreds of years. The attractive combination of its imposing presence, fantastic location amongst acres of landscaped gardens, restaurant, and up to six letting rooms, presents an outstanding opportunity for an ambitious publican to make this village inn a roaring success. The new publican will look to give the business a much broader appeal by delivering an upper mid-market food offer that appeals to both families and the wider market.
Private Accommodation: Some of the letting rooms can form self-contained accommodation for private use if required.
Indoor trading area
The bar has two open plan rooms leading from it, both of which can be used for casual dining and drinking. The pub has a traditional style with wooden beamed ceilings and an open fire place in the centre, creating a warm and homely environment. The main dining area is made up of wooden tables and chairs with some fabric sofas to certain tables which can seat up to 35 covers. There are up to six lettings rooms of which some are en-suite. There is an opportunity to upgrade their quality with minimal costs. In addition, there is a good-sized commercial kitchen behind the bar servery which opens up into the main thoroughfare, to allow for an easy food transition from kitchen to table.
Outdoor trading area
Outside there is a picturesque south facing garden terrace adorned with flowerbeds and features. There is also a children's playground, lawn, and a large tarmacked car park to the front and rear of the pub with space for 20 vehicles.
Regional Manager Comments
We are proud to offer this traditional landmark country pub and restaurant to market. Our ideal publican will have experience of running similar establishments and be able to deliver a high-quality menu and invest in vital areas of the business. I have been successfully working with publicans and developing strong food led offers at unbranded destination businesses for over 20 years. I can help support you grow your business through industry accreditations, knowledge to help you drive sales, food safety standards, menu development feedback and wet sales category management. I am also here to support you across many areas of your business, encouraging and guiding you along the way.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Children's Play Area
Approx. Total Ingoings
£19,250
Annual Rent
£33,000
Potential Turnover: £378,000 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: £33,000 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: £19,250 (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: £15,000 (excl VAT)
To be discussed with the Regional Manager.
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My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
