Taverns for sale in Billingham

View the "Pub Tenancy Available - Three Horse Shoes - Billingham" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Pub Tenancy Available - Three Horse Shoes - Billingham

Billingham, Tyne and Wear, England

  • Price: Price on application
  • Annual Turnover: £170,725
Seller Reference: PT14
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Business Description
 
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Seller Reference: PT14
Request Details
Business Description
COULD YOU RUN THIS PUB IN BILLINGHAM?

The Three Horseshoes is a lovely pub in the small and pretty village of Cowpen Bewley, near Billingham. It’s a charming country pub that has a great reputation for its fantastic food offer that is full of pub favourites with an upmarket twist. The pub is well loved by locals and has a real sense of community. It plays host to events such as family fun days and BBQs in the summer which allows both locals and visitors to the area to come together.

The Three Horseshoes has a large bar area that allows for a relaxed drinking experience but also doubles up as a dining area when the restaurant is full. The restaurant is the perfect setting for guests to enjoy a delicious meal and has a warm yet open feel. The pub also boasts a beautiful beer garden to its rear that is always full in the summer and is a lovely space for guests to relax with a cool drink and to enjoy a meal alfresco.

FACILITIES

This fantastic pub opportunity comes with domestic accommodation that consists of two bedrooms, a private kitchen and lounge.

ABOUT THE LOCAL AREA

The Three Horse Shoes is located at the heart of the picturesque village of Cowpen Bewley, close to the town of Billingham. It’s a ten minutes drive from the much larger towns of Stockton, Hartlepool and Middlesbrough so has the perfect balance of country life but is close to some hustle and bustle. The pub is also nearby to the popular Seal Sands nature reserve which brings lots of footfall into the pub.

IDEAL OPERATOR

This is the perfect pub opportunity for an experienced Publican who has a passion for delivering a quality food offer in order to maintain the Three Horseshoes reputation as a foodie venue. You will also be keen to operate at the heart of the community and to develop long lasting local relationships.

AGREEMENT

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Operations Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Operations Manager.

FINANCIAL INFORMATION

• Initial Deposit* - £6,000
• Full Deposit - £8,500
• Rent - £654 PW
• Initial Ingoing’s* - £6,750
• Legal Fees - £750
• Maintenance Fund Per Week - £40
• Fixtures And Fittings Weekly Rent - £97
• Working Capital - £2,000 - £4,000

BUSINESS INFORMATION

• Annual Rent - £34,000
• Forecasted Annual Wet Turnover - £170,725
• Forecasted Annual Food Turnover - £275,380
• Forecasted Annual Other Turnover - £6,206
• Weighted Discount Per Barrel - £75
• Agreement – 5 Year Tenancy

PLEASE FILL IN THE ENQUIRY FORM BELOW FOR MORE INFORMATION
Location Details:
Cowpen Bewley, Billingham TS23 4HS, UK
Listed by:
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Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

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