Pubs On The Market v2.0

The Three Horseshoes, Chesterfield

East Midlands

High Street, Brimington, Chesterfield S43 1DE, UK

The Three Horseshoes is located approximately three miles north-west of Chesterfield in the suburban area of Brimington. The pub is ideally sited on a busy junction in the main commercial centre of the area, and is adjacent to an estate comprising of 1950/60s red brick semi-detached housing most of which is privately owned. The pub has excellent links to local transport, and the area of Brimington has easy links to Chesterfield town centre amenities, local schools, recreation facilities, hospital and the M1 motorway.

Pub Layout


The main trading area consists of two bars – a large traditional tap room to the front of the pub and to the rear a separate comfortable lounge bar that doubles up as an entertainment/function room. The fixtures and fittings are all in good order and the pub is in a very presentable condition throughout. Externally the pub offers a small patio to the rear with a timber smoking shelter, and to the front is a large car park with a partitioned seating area for outside socializing. To the side of the premises is a gated private area with garage for the publicans vehicle.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Gallery

Everything about the Pub

The Three Horseshoes trades as a wet-led pub with an emphasis on the local community. The pub currently supports a good regular trade with televised sport and pub team games. As an additional income stream there is the opportunity to develop a simple back bar food offer by tapping into Admirals 3rd party food suppliers. There is also an established regular entertainment offer in place which includes karaoke, bingo and a weekly quiz. The lounge room could potentially be marketed & developed to provide additional income from private functions.

Private Accommodation

The private accommodation is of a good family size and consists of three bedrooms, lounge, kitchen, bathroom and an office. The domestics are all in good order.

Annual Rent: £15,000

Security Deposit: £5,000

Working Capital: £5,000

Stock: £2,000

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.

* Based on the April 2023 provisional rating list, the Zero Rates Payable is based on the licensee only occupying one property for commercial purposes.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – 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 – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.

Ingoing Cost: 12000
Annual Cost: 15000

We believe that the Three Horseshoes is ideally suited to publicans who have experience of operating wet-led community licensed premises. Ideally, some knowledge of pubs in similar demographics and with the skills & drive to develop the current trade. Strong in-house & social media marketing skills would be an advantage to driving the local trade & developing the functions.

Contact

Contact The Love Your Pub Team:

Contact number: 01329 227488

Contact email address: info@loveyourpub.co.uk

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MISREPRESENTATION ACT 1967

The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.