The Three Churches is a lovely village pub which sits in the heart of Lochwinnoch.
The pub has a separate dining area, and it also has a large paved beer garden.
The Three Churches is a community village pub, which caters for both a wet and food offering. The pub would benefit from some clever marketing, quiz nights and live music. There is potential to utilise the restaurant for functions, e.g. private birthdays funerals. The outdoor space lends itself to beer festivals outdoor BBQs.
The Three Churches also benefits from a 2-bedroom flat which sits above the pub and can only be accessed from the rear of the pub.
Annual Rent: £29,000
Security Deposit: £5,000
Working Capital: £2,000
F&F: TBC (Funding options available)
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
This site offers a great opportunity for the right operator to introduce some cask/real ales. The pub company is looking for an experienced operator with catering experience. The successful candidate would need to immerse themselves into the village and community life.
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 – £60.89 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.
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