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REFURBISHMENT PLANNED

Three Horse Shoes New

Main Street, Ingleton, North Yorkshire, LA5 3EH

Ingoing Cost: £20,000
Annual Rent: £38,171

Features
Trading style
Key financials

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Beer Garden

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External Drinking Area

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Car Park

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Restaurant/Dining

Property details

The Three Horse Shoes is situated in the heart of the village of Ingleton. Ingleton village is just off the main A65 between Kirkby Lonsdale and Skipton and sits on the Lancashire/North Yorkshire border.

The pub will undergo a full refurbishment throughout.

The private accommodation consists of 2 bedrooms, a lounge, a bathroom, and a kitchenette.

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Cask Ale

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Catering Kitchen

Trading style

Ingleton is a popular tourist destination with places to visit, such as the famous Ingleton Waterfalls and White Scar caves. It is also popular with walkers as it is in the heart of the Yorkshire Three Peaks and attracts lots of people every year who walk those, as well as other popular walks and caving activities in the area.

The area is surrounded by caravan parks that help to boost traffic into the village at weekends and holiday times. The local community and visitors to Ingleton provide a rich opportunity for customers to the Three Horseshoes, which is a well-regarded pub in the village.

The planned investment at the Three Horseshoes gives an exciting opportunity to re-establish itself as a premium food and drink venue. The pub company is seeking a new operator who has relevant experience within the hospitality industry, who shares their passion with them to drive this new contemporary pub while maintaining the authenticity of this historic business.

Key financials

Reference Number: 6IVL4K / TH-LA5
Agreement Type: Tenancy

Min Ingoing Cost: £20,000.00
Annual Rent: £38,171.00

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.

Guide Rent:(exc. VAT) Post refurbishment: £38,171 per annum based on a full wet tie
Ingoings: £20,000

Estimated Customer Profit based on Fair Maintainable Trade £38,171
Last 12 Months Trading Volumes: 68 barrels of beer and cider (based on 36-gallon barrels)
Type of Agreement: 5-year tenancy
Fixtures and Fittings Estimate: Approx £40,000 after refurbishment
Security Bond £5,000
Stock & Glassware Estimate: Approx £7,000 including first stock order for the bar and new crockery/cutlery etc.
Valuation Fees Estimate Between £800 - £1,200 (Shared with the outgoing tenant)
TULIP Induction Course £399 TULIP / TLC one day for experienced operators + VAT

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