Three Tuns

133 High Street, Honiton, EX14 1HR

  • Three Tuns Honiton
  • Three Tuns Honiton
  • Three Tuns Honiton
  • Three Tuns Honiton
  • Three Tuns Honiton
  • Three Tuns Honiton
  • Three Tuns Honiton

Three Tuns

Exciting Opportunity!

The Three Tuns in Honiton sits in the middle of Honiton High Street. Flanked by local businesses and steeped in history, this Grade II listed building is the oldest pub in Honiton dating back to 1774 and well established within the town. There is a fantastic mix of potential customers residing in the town, ranging from mature couples with disposable income to younger couples looking for a tasty meal and late-night drinks in stylish surroundings.

The front bar boasts a rustic charm which is sympathetic to its heritage and is a warm and welcoming space for casual drinks and dining. The pub is very popular in the morning for breakfasts, tea & coffee! Classic dishes, entertainment, first-class customer service and a contemporary, comfortable setting should form the centre of future pubs plans.


Experienced Food Operator Wanted

Due to the town centre location of this site and the versatile nature of the offer, we are looking for a dynamic, high energy Visionary. The new operator must be able to demonstrate the innovative ideas that will drive footfall every night of the week, followed by the business acumen to make it happen. Does this sound like you?

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Live Sports
  • Private Accommodation
  • Childrens Play Area

Trading Area & Facilities

The Three Tuns is a historic, rustic and bright venue which is warm and welcoming throughout. The pub underwent an extensive refurbishment around 2013 to sympathetically upgrade the interior and introduce more modern colours.

Private Accommodation

Private accommodation consists of two bedrooms, a lounge and kitchen. In line with our Ready To Trade promise, we will ensure your property is in good repair so you can focus your energy on your new business.

Premises Licence Details

See licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
07:00 - 23:30 07:00 - 23:30 07:00 - 23:30 07:00 - 00:30 07:00 - 01:30 07:00 - 01:30 07:00 - 00:30

Financials

Annual Rent £
24,000
Estimated Annual FMOP (Licensee Profit) £
31,876
Representative HEINEKEN UK Brand Discount Per Barrel £
170
Estimated Annual Turnover £
367,974
Estimated Annual Barrelage
234

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
4,710
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
6,000
Rent In Advance £
462
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
17,827
Estimated Minimum Ingoing Costs £
10,657

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,287
Estimated Annual Maintenance Compliance Charge £
1,469
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased