Three Lions

FindMyPub.com
Catering Kitchen

FindMyPub.com
Live Entertainment

Together with being a focal point for the local community, over the years, the Three Lions has carved out a notorious reputation as a weekly live music venue, particularly for rock and blues, supported by acoustic music and open-mic nights, quiz nights, darts teams and a busy calendar of events for the locals. This established reputation provides an excellent platform for a new operator to build a vibrant, wet-led business centered around great beer, regular entertainment and genuine community engagement.

Following external redecoration and a refurbishment to the internal trade areas, the Three Lions has recently re-opened under temporary management and is now available for a new operator to re-establish it as one of the area’s leading community music pubs. Flexible agreement options are available, including a traditional tenancy, a partnership agreement, or, for the right applicant, the landlords may also consider a tenancy at will or a one-year agreement, with flexible terms and ingoing costs.

The Three Lions is seeking a hands-on, people-focused operator with a genuine passion for live music and community pubs. The ideal tenant will have the energy and marketing drive to grow the pub’s existing music following, deliver a consistent calendar of events and create a welcoming local where customers come together for live entertainment, great drinks and a strong sense of community. There is also scope to introduce a simple, quality midweek food offer and traditional Sunday lunches to complement the wet-led trade.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.

Estimated capital requirements:

• Trading deposit £5,000
• Contract deposit (Refundable on the day of change): £500
• Maintenance scheme (Plus monthly payments of £50) £1,000
• Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker): £8,000
• Stock, glass & crockery (Estimated, subject to an independent valuation by a trade broker and stock taker) £2,000
• Training deposit (£500 Refundable on completion of training) £1,000
• Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
• Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC

Working capital £5,000
Total estimated ingoing charges £22,500
Minimum capital considered £14,500

A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.

Fixed Rental Structure:

• Year 1   £33,800
• Year 2   £34,632
• Year 3   £35,516
• Year 4   £36,452
• Year 5   £37,440

This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act 1954, Part II '. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.