Are you looking to lease a pub in the Chesterfield area? Why not run The Three Merry Lads, Cutthorpe today as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Three Merry Lads is Now Available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In Chesterfield – Run The Three Merry Lads Cutthorpe Today !
The Three Merry Lads is an attractive period building with a tasteful and in-keeping extension to the side. It is located in the picturesque village of Cutthorpe just three miles from the market town of Chesterfield and the gateway to the famous Peak District National Park. The pub itself lies close to the village centre with the local cricket ground being directly behind the pub making it in a prime position for thirsty players and spectators to unwind after a match. With an abundance of country parks, rivers, and the well known Linacre reservoir close by, the Three Merry Lads not only attracts the local community but visitors to the area too.
Pub Layout
The trading area consists of two rooms. The first is an open plan lounge/dining room area which has been well modernised with a shade of grey and feature walls and lighting scattered throughout the room. The soft furnishing are complementary and in-keeping with the period features, it’s a warm and welcoming area to relax. This area has its own large bar server and a decorative open fire. In this room you also have a mixture of fixed and loose furniture. The second room is currently being used as a games room with pool table and darts board, this area also benefits from it’s own bar servery too. There is also a private function room which can host many separate events. The pub has good catering facilities and a large car park which is very useful for travelling diners, as well as a decked area to the side with benches for customers to take in the surrounding countryside.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Lease A Pub In Chesterfield – Run The Three Merry Lads Cutthorpe Today !
This attractive site is a popular community pub which is in the heart of the community. This being said, there lies an opportunity to increase turnover with the introduction of a more frequent food offer with themed nights, such as a curry night or steak night. The drinks offer may be improved by extending the selection of cask ales and introducing more premium spirits and a gin range.
Private Accommodation
The private accommodation is located on the first floor and is in a reasonably good condition. It consists of three bedrooms, a lounge, bathroom and kitchen.
Annual Rent: £14,000
Security Deposit: £5,000
Working Capital: £2,000
Stock: £2,500
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed)
Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property
Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business
Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened
Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture
Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.
Ingoing Cost: 9500
Annual Cost: 14000
The ideal candidate would have some experience of running a community pub in a village as well as having good catering skills and experience as this is an area that could be expanded and would be well received by the locals. The pub has a good reputation so the new licensee must maintain and continue to grow this, plus getting involved with the local community is important too.
