Are you looking for Pubs to lease in the Chesterfield area? You could run ‘The Three Merry Lads’ as this is now available.
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Pubs To Lease In Chesterfield – The Three Merry Lads Is Available
The Three Merry Lads is an attractive period building with a tasteful and in-keeping extension to the side. It is located on a busy road 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 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 plenty of visitors to the area too.
Pub Layout
The trading area is split into a traditional two-room layout. The first is an open plan lounge/dining room area which has been well modernised in a shade of grey with feature walls and lighting scattered throughout the room. The soft furnishings 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 servery and a decorative open fire, with a section to the front of the pub which has been used as a dining area. In this room you also have a mixture of fixed and loose furniture. The second room to the rear of the pub is currently being used as a games room featuring a pool table and darts oche, along with a seperate bar servery. There is also a private first floor function room which is perfect for small functions, meetings etc. The pub has good catering facilities and a large car park which is very useful for travelling diners, as well as a well-appointed decking area to the side with bench seating 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.
This attractive site is a popular 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. The two-room layout gives the ideal opportunity to support pub sports teams and live sports coverage alongside a strong food offer, and the function room would provide an excellent additional revenue stream through parties and meetings.
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.
The Three Merry Lads, Chesterfield
Annual Rent: £14,000
Security Deposit: £2,500
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). 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.
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.
Ingoing Cost: 7000
Annual Cost: 14000
The Three Merry Lads, Chesterfield
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 opportunity that could be expanded and would be well received by the locals. The pub has an excellent local reputation, so the new licensee should maintain and continue to grow this, alongside getting involved with the local community and supporting local activities.
