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Beer Garden
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External Drinking Area
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Function Room
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Car Park
Property details
The Three Merry Lads is an attractive period property complemented by a tasteful, sympathetically designed side extension. Prominently situated on a busy main road in the picturesque village of Cutthorpe, the pub enjoys a prime trading position just three miles from the market town of Chesterfield and on the doorstep of the renowned Peak District National Park. Located close to the heart of the village, with the local cricket ground directly behind the premises, the pub is perfectly positioned to welcome players and spectators seeking refreshments after a match. Surrounded by beautiful countryside, country parks, rivers and the well-known Linacre Reservoirs, The Three Merry Lads attracts not only the loyal local community but also a steady flow of visitors exploring the area.
The trading area is arranged in a traditional two-room layout, centred around a well-positioned main bar. To the front of the property is a spacious open-plan lounge and dining area, which has been thoughtfully modernised with feature walls, contemporary lighting and soft furnishings. A welcoming open fire creates a warm and relaxing atmosphere, making it an ideal setting to enjoy a drink or a meal. This room benefits from its own large bar servery, along with a designated dining section towards the front of the pub, furnished with a combination of fixed and loose seating to provide flexibility. To the rear, the second room is currently operated as a traditional tap room. This space offers a more informal setting, complete with a pool table, television and darts oche, together with a separate bar. In addition, the pub features a private first-floor function room with its own bar counter and wooden dancefloor. This versatile space is well-suited to small functions, private parties, training sessions, or business meetings. Supporting the trading areas is a well-equipped commercial catering kitchen with ample preparation and storage space, along with a ground-floor cellar.
Externally, the pub benefits from a substantial customer car park, comfortably accommodating approximately 20 vehicles.
The private accommodation is located on the first floor and is in good order. It consists of three good-sized bedrooms, a lounge, bathroom and kitchen.
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Cask Ale
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Catering Kitchen
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Team Games
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Pool Area
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Live Entertainment
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Experienced Operator
Trading style
The Three Merry Lads currently operates as a traditional village pub, popular with both casual diners and drinkers alike. The business benefits from a strong and well-established base of regular trade throughout the week, with occasional events receiving excellent support from the local community. There is clear scope to further develop the business by enhancing the existing food offering, introducing regular themed dining nights, and complementing this with an extended range of cask ales, premium wines, and spirits. Such initiatives would broaden the pub’s appeal and increase average spend. The versatile two-room layout naturally supports the development of pub sports teams alongside a strong food-led proposition and regular entertainment schedule. In addition, the private first-floor function room presents a valuable opportunity to grow function trade, creating an additional and sustainable income stream through private hire, celebrations, corporate meetings, and community events.
The landlords are seeking an experienced licensee to run a thriving community pub in a village setting. The ideal licensee(s) will have a strong background in managing community-led pubs and building lasting relationships with local customers. Catering experience would be an advantage, though it is not essential, as there is clear potential to expand the food offering, which would be well received by the local community. The successful applicant will be expected to actively support local activities, events, and charities, embedding themselves and the pub at the heart of village life. The pub already benefits from an excellent local reputation, and the new licensee should be committed to maintaining and enhancing this, with a clear focus on sustainable growth. A well-executed marketing plan and a strong, consistent rhythm of weekly events will be key to driving footfall and sustaining trade.
Key financials
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Reference Number:
IU3WDL / P04574
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£15,000.00
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Annual Rent:
£18,303.00
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.
Annual Rent: £18,303
Security Deposit: £5,000 or the equivalent of three months’ rent, whichever is greater
Working Capital: £5,000
Stock: £5,000
Zero Business Rates* Based on the draft rating list for April 2026, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterix *
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drink categories are tied. For fully funded licensees on long-term agreements, the landlords offer free-of-tie options for certain drink categories in exchange for an annual fee.