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Three Horseshoes, Barrow

Barrow, IP29 5AP

Your investment

£11,250

Agreement Type

Tenancy

Located approximately eight miles west of Bury St Edmunds and 2 miles from the A14, Barrow is a picturesque village in the heart of Suffolk. Surrounded by beautiful countryside, it is home to a host of traditional amenities such as a village hall and doctors’ surgery, primary school and village green.

Located approximately eight miles west of Bury St Edmunds and 2 miles from the A14, Barrow is a picturesque village in the heart of Suffolk. Surrounded by beautiful countryside, it is home to a host of traditional amenities such as a village hall and doctors’ surgery, primary school and village green. There’s also a convenience store, post office, equestrian shop, poodle parlour and coffee shop in the area. The Three Horseshoes is located on the main road in Barrow.

Pub Layout

Internally there are two bars, and the rear area has been extended to include a sports area with a pool table. This could also be used as a dining/function area. The site also benefits from a catering kitchen. Externally there is a good-sized car park and a large rear garden with a decked area. The Three Horseshoes is in good condition and has been well looked after by the current very experienced publican.

The Three Horseshoes is a community local serving the locals with the bonus of an active Golf Society. Currently, the pub does not offer food, and this needs to be developed in line with some minor works, which the pub company will undertake.

Private Accommodation

Private accommodation details to be confirmed.

 

Annual Rent: £17,250

Security Deposit: £6.250

Working Capital: £3,000

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.

The Three Horseshoes should offer community activities and local activities like quiz nights, bingo to ensure that it establishes itself at the heart of the community. The new operator should be a community-minded individual who understands the means and methods of bringing the community together and has the vision to ensure all groups have something to come to the pub for.

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 – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 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.


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