Function Room
Car Park
Restaurant/Dining
Property details
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.
The trading area is split into a traditional two-room layout with a central bar. To the front of the pub is the larger, open-plan lounge/dining room area which has been well modernised with feature walls and lighting, soft furnishings, and a welcoming open fire - it is a relaxing place to enjoy a drink or a bite to eat. This area has its own large bar servery with a section towards the front of the pub which has been used as a dining area, also with a mixture of fixed and loose furniture. The second room to the rear of the pub is currently being used as a traditional tap room, featuring a pool table, TV, and darts oche along with a separate bar servery. In addition, there is a private first-floor function room that has its own bar counter and wooden dancefloor area and is perfect for small functions, training courses, or business meetings. The pub has a well-equipped catering kitchen with ample preparation and storage areas, along with a ground-floor cellar.
Externally the pub has a feature-decked seating area with festoon lighting, adjacent to a substantial car park that can comfortably accommodate 20 vehicles.
The private accommodation is located on the first floor and is in reasonably good condition. It consists of three bedrooms, a lounge, bathroom, and kitchen.
Cask Ale
Catering Kitchen
Team Games
Pool Area
Experienced Operator
Trading style
The Three Merry Lads currently trades as a traditional village pub, popular with casual diners and drinkers alike. It enjoys a strong established regular trade throughout the week, with occasional events being well supported by the local community. There is an excellent opportunity to develop the business by building on the current food offer to introduce regular themed nights and compliment this with an extended range of cask ales, premium wines, and spirits. The two-room layout lends itself ideally to the support of pub sports teams and live sports coverage alongside a strong food offer and regular entertainment, while the function trade could be developed to provide an additional income stream.
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 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.
Key financials
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Reference Number:
IU3WDL / P04574
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£7,000.00
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Annual Rent:
£15,000.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £15,000
Security Deposit: £2,500
Working Capital: £2,000
Stock: £2,500
F&F: Upon valuation – funding options may be available for the right licensee.