Cap & Stocking Kegworth
20 Borough Street, Derby, DE74 2FFAgreement Type:
Foundation Tenancy
View details for Cap & Stocking Kegworth
Three Horse Shoes East Leake
Three Horse Shoes East Leake
Brookside, East Leake, Loughborough, LE12 6PB Pub Code: 0050149101
Pub Code: 0050149101
Investment TenancyEst Min Ingoing Costs: £45,932
Annual Rent: £37,729
Fantastic opportunity at the Three Horseshoes! Our exciting refurbishment will elevate this pub to the top spot among local competitors, making it the perfect venue for your next successful venture.
What would you do with this pub to make it a success?
Situated in the picturesque village of East Leake, this pub is poised to transform into a premium local destination.
With a full refurbishment planned inside and out, including a complete redesign, new signage, and fresh decor, it will cater to the growing demand for a high-quality venue offering both food and drinks. Featuring 109 internal and 150 external covers, the pub will provide a welcoming environment for locals and visitors, with something to appeal to everyone.
The pub’s transformation will position it as a standout choice among local competitors, offering classic pub dishes, specials, a wide drinks selection, and a full rhythm of weekly events, including live music and quizzes. An experienced operator with a strong understanding of food and the local community will thrive in this space, which is perfectly tailored to the area’s medium- to high-affluence demographic and their demand for a premium, engaging pub experience.
The Three Horseshoes is available on our investment tenancy agreement. Click here for more information on this agreement.
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 Horseshoes will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, a robust rhythm of the week 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…
Trading Area & Facilities
The Three Horseshoes will be undergoing a refurbishment which will cover the interior and 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 and dining area with bar
-
Separate dining room
-
109 internal covers
-
150 external covers
-
Catering kitchen
-
HEINEKEN SmartDispense
-
Large beer garden with covered area
-
Large car park
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 4 bedrooms, a living room, kitchen, and bathroom.
Estimated Total Ingoing Costs
£45,932
Estimated Minimum Ingoing Costs
£45,932
Annual Rent
£37,729
Estimated Annual Turnover
£555,108
Deposit
£9,432
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£8,000
Estimated Working Capital
£3,500
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.
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.
Location:
Brookside, East Leake, Loughborough, LE12 6PB
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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