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Run a Star Pub
4 months ago
Major refurbishment to beautiful pub just outside the town centre.
The area
Situated on a vibrant main road just outside the town centre, this pub in Hemel Hempstead presents a compelling investment prospect. Enveloped by thriving residential areas and in close proximity to significant landmarks, this local caters to a diverse demographic, ranging from high to medium affluence bands.
A substantial community of 12,000 residents resides within a convenient 20-minute walking distance, setting the stage for a lucrative venture. Investment tenancy
- Refurbishment planned
- Premium Drinks and Food Venue
- Large Catering Kitchen
- Outdoor Trade
- Private Accommodation
The offer
Drinks - The Three Tuns will offer a full range of drinks that will include beer, wine, spirits and soft drinks.
Food - Savour the essence of pub dining with a Great Pub Classics menu, marrying tradition with innovation for a satisfying culinary experience.
Coffee - Discover the warmth in every cup with a straightforward coffee selection, tailored for those who appreciate a simple yet satisfying brew.
Events - Dynamic weekly entertainment schedule, featuring local talents, and a comprehensive sports package.
The Three Tuns is available on our Investment agreement. Click here for more information on this agreement .
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 Three Tuns will have extensive experience in community led hospitality businesses. 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 pubs next chapter...
Features
- Refurbishment Planned
- Car Park
- Catering Kitchen
- Investment Tenancy
- Outdoor Trade
- Private Accommodation
- Live Sports
Trading Area & Facilities
The Three Tuns will be undergoing a refurbishment which will cover the interior and the exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 30 internal covers
- 40 external covers
- Catering kitchen
- Large garden Click here to enter text.
- Car park with 20 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials
Annual Rent £
26,435
Estimated Annual Turnover £
341,368
Deposit £
6,609
Estimated Fixtures & Fittings Value £
20,675
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
35,784
Estimated Minimum Ingoing Costs £
35,784
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.
