No. 12 Shifnal
Church Street, Shifnal, TF11 9AAAgreement Type: Investment Tenancy
View details for No. 12 ShifnalRefurbishment Planned
Three Tuns Bishops Castle
Salop Street, Bishops Castle, Shropshire, SY9 5 BW
Pub Code: 0011810101
Key Features
- Exciting refurbishment planned
- Traditional pub with hundreds of years of history
- Beautiful function room with wooden arched ceiling
- Large catering kitchen
- Great outside trading space
Est Min Ingoing Costs: £57,999
Annual Rent: £47,997
More Information
Exciting Refurbishment Planned
The area
Situated in Bishop's Castle, a charming market town nestled amidst the picturesque landscapes of Shropshire, England, this pub presents a golden opportunity for investment. With a population of 1,893 and boasting a rich tapestry of natural beauty, history, and local charm, Bishop's Castle stands as a beacon for those seeking an authentic English experience. Surrounded by lush landscapes and steeped in history, this pub holds the promise of becoming the epitome of premium local hospitality.
Positioned strategically with 1,115 residents within walking distance and only facing competition from four other pubs, the potential for success is undeniable. With a comprehensive refurbishment plan, including a revamped interior, upgraded kitchen facilities, and a star-studded exterior patio, this establishment is poised to offer the best of British pub culture. Coupled with an enticing drinks selection featuring the renowned Three Tuns Brewery Ales and a menu of Great British Pub Food, this venture promises to captivate both locals and tourists alike.
The offer
The Three tuns is available on our investment tenancy agreement. Click here for more information on this agreement.
When refurbished, The Three Tuns will offer: -
Drinks: Experience our revamped drinks selection featuring the full Heineken range complemented by a Three Tuns Brewery ale, premium spirits, and a variety of soft drinks to cater to every taste.
Food: Indulge in the quintessential taste of Britain with our menu boasting Great British Pub Food, offering hearty classics to satisfy every craving
Coffee: Start your day right with our full-on barista-level coffee experience, ensuring each cup is crafted to perfection for a truly satisfying brew.
Events: Patrons can join for lively entertainment and events held in the function room on weekends, promising an engaging experience for all patrons to enjoy.
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 a destination hospitality business. 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…
Trading Area & Facilities
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room/ meeting room
- Approx 110 internal covers
- Approx 18 external covers
- Catering kitchen
- Function room
- SmartDispense
- Courtyard outside trading area
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
The pub has no private accommodation.
| Annual Rent | £ 47,997 |
| Estimated Annual Turnover | £ 727,218 |
| Deposit | £ 11,999 |
| Estimated Fixtures & Fittings Value | £ 27,500 |
| Estimated Stock Valuation | £ 15,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 57,999 |
| Estimated Minimum Ingoing Costs | £ 57,999 |
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:
Salop Street, Bishops Castle, Shropshire, SY9 5 BW
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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