Three Tuns

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Pub Overview

Exciting Opportunity!

The Three Tuns is located in the town of Honiton. The pub is surrounded by local businesses and steeped in history, this Grade II listed building is the oldest pub in Honiton dating back to 1774 and well established within the town. There is a fantastic mix of potential customers residing in the town, ranging from mature couples with disposable income to younger couples looking for a tasty meal and late-night drinks in stylish surroundings.

Demographics

The pub benefits from being one of 11 pubs found in an area of around 4000 adults. The majority customer base is made up of a mixture of mature homeowners, midlife renters and first-time homeowners.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in introducing a well thought through food & drinksoffer. What food & drinks would you look to implement in the pub?

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their marketing strategy, food & drinks menu and entertainment offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter…

Features

  • Catering Kitchen
  • Foundation Tenancy
  • Live Sports
  • Private Accommodation
  • Outdoor Trade
  • Pub Games


Trading Area & Facilities

  • Long main trading area with bar
  • Seated dining area
  • 30 internal covers
  • 40 external covers
  • Trading kitchen
  • Skittle Ally
  • Outside trading area with bench style seating.


Private Accommodation

Private accommodation consists of two bedrooms, a lounge, kitchen and bathroom.

Pub Financials

Annual Rent £
22,611
Estimated Annual Turnover £
373,454
Deposit £
5,653
Estimated Fixtures & Fittings Value £
8,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
22,153
Estimated Minimum Ingoing Costs £
10,384

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

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