Beer Garden
External Drinking Area
Car Park
Restaurant/Dining
Property details
The Horseshoes is a large roadside building situated on the A15 just south of Bourne in the village of Thurlby. It is close to Stamford and Spalding and the A15 goes direct to Peterborough within 10 minutes. Thurlby is a village and civil parish in the South Kesteven district of Lincolnshire, England. It is situated just west of the A15 road, 2 miles (3 km) south of the town of Bourne, and on the edge of the Lincolnshire Fens. It is sometimes referred to as Thurlby by Bourne to distinguish it from other villages in Lincolnshire with the same name. Thurlby and the hamlet of Northorpe to its north are conjoined. The parish had a population of 2,136 at the 2001 census and 2,153 at the 2011 census.
On entering the pub through the front door you will see the bar to your left with a mixture of comfortable seating areas surrounding the bar area. There is space for the darts board on the right. Towards the rear of the bar are the cellar and a small food preparation area that should be utilised to offer a bar snacks menu with the toilets located to the right.
There is a rear side door that leads onto the outside space. This is a relaxed quiet pub offering customers the opportunity to enjoy a pint and is well used in the summer months.
The private accommodation is reached via a private stairway to the back of the pub. There are two main double bedrooms and one smaller room suitable for a single bed or can be used as an office. There is also a large living room and good good-sized bathroom. The private quarters are in good condition.
Cask Ale
Catering Kitchen
Live Entertainment
Experienced Operator
Trading style
The Horseshoe is food-led with an established customer clientele serving lunch and dinners 6 days a week. It has built up a solid reputation for good quality value meals (70/30 split). The menu is high to mid-market level reflecting a good home-cooked food offering. The Horseshoe also attracts locals and has a small bar area with good external drinking areas.
The Horseshoe represents an opportunity for new Landlords to take an existing well-run business and further develop it. This could be via developing the menu, extending trading hours (currently closed on Mondays), or building the wet side of the business.
The current tenants have run the pub for close to 20 years and want to take a break from the hospitality business. Their work at the Horseshoes is clearly evident yet someone new would want to put their own stamp on the business and take the pub even further forward.
The landlords are ideally looking for an experienced operator, whilst pub trade experience is not essential catering experience is a must, either for the tenants themselves or at the very least there must be a chef/cook on board. Unfortunately, the Horseshoe would not be suitable for a first-timer operator.
Key financials
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Reference Number:
IU3WDL / P03425
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£16,000.00
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Annual Rent:
£35,000.00
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: £35,000
Security Deposit: £6,000
Working Capital: £4,000
Stock: £6,000
F&F: TBC – funding options may be available for the right licensee.