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Run a Star Pub

4 months ago

Loughborough LE, Loughborough, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Popular Village Pub with a Loyal Customer Base

What would you do with this pub to make it even more of a success?

The area

The Three Crowns is located in the village of Barrow Upon Soar, close to open countryside and within easy commuting distance of Leicester and Loughborough. It is popular with cyclists, walking and boating communities alike. The pub is surrounded by rural housing.

There is a great collection of schools within the catchment area of Barrow & Quorn together with a range of independent shops, pubs, tearooms, boating activities and B&B accommodation.

There is a superb selection of local groups and societies, and Barrow has managed to retain the community at the heart of village life.

The pub benefits from being one of 4 pubs found in an area of around 1681 adults. The diverse and customer base is made up of professionals and families enjoying a rural lifestyle, within an easy commute to Loughborough town and Leicester city. Popular with tourists and weekend dwellers looking to access the surrounding waterways.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a strong 50/50 food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live sports, live entertainment and popular for darts. It offers a selection from a pub classic menu and specials, cask ales, and popular beers, ciders, wines and spirits.

We’re always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
  • Understanding of the local community
  • Understanding of how to build a successful business
  • Ability to engage with customers from behind the bar

Or maybe you have experience running a successful hospitality business and are looking to settle in a beautiful Leicester-shire village.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

  • Foundation Tenancy
  • Live Sports
  • Car Park
  • Cask Ale
  • Outdoor Trade
  • Private Accommodation


Trading Area & Facilities

  • Main trading areas with central back-to-back bars
  • Separate split-level dining/function area
  • 80 internal covers
  • 40 external covers
  • Reasonable sized catering kitchen
  • Patio area to the front/side aspect
  • Car park with 26 spaces


Private Accommodation

Private accommodation is well presented and consists of 4 double bedrooms, one currently being used as an office, a living room, galley kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Pub Financials

Annual Rent £
40,385
Estimated Annual Turnover £
666,471
Deposit £
10,096
Estimated Fixtures & Fittings Value £
19,620
Estimated Stock Valuation £
8,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
41,216
Estimated Minimum Ingoing Costs £
14,865

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.