Pub Overview
Exciting refurbishment planned. The area: Situated in Bishop’s Castle, a charming market town in Shropshire, England. This pub presents a golden opportunity for investment with a population of 1,893 and a history-rich, local character that attracts locals and visitors alike. The pub is positioned so that 1,115 residents are within walking distance and faces only four other pubs.
With a comprehensive refurbishment plan including a revamped interior, upgraded kitchen facilities, and an enhanced exterior patio, this establishment aims to offer the best of British pub culture. The drinks selection features Three Tuns Brewery Ales and a menu of Great British Pub Food.
The offer: The Three Tuns is available on an investment tenancy agreement. For more information on this agreement, see the investment details.
When refurbished, The Three Tuns will offer:
- Drinks: Our revamped drinks selection includes the full Heineken range, complemented by a Three Tuns Brewery ale, premium spirits, and a variety of soft drinks.
- Food: A menu boasting Great British Pub Food with hearty classics to satisfy every craving.
- Coffee: A barista-level coffee experience crafted to perfection.
- Events: Live entertainment and events in the function room on weekends.
We welcome new ideas to drive trade and would love to hear what experience you can bring if you’ve run or owned a pub business. The right operator will have extensive experience in a destination hospitality business and will have a clear vision for their food & drinks menu, marketing strategy, and entertainment offer to create a memorable customer experience.
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
- Function Room
- Investment Tenancy
- Cask Ale
- Outdoor Trade
- Refurbishment Planned
Trading Area & Facilities
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room/meeting room
- Approx 110 internal covers
- Approx 18 external covers
- Catering kitchen
- Function room
- SmartDispense
- Courtyard outside trading area
Applicants should be aware that all refurbishments are subject to final board approval as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an “Investment Exemption” may apply, meaning Market Rent Option won’t be available at rent review for up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
The pub has no private accommodation.
Pub Financials
Estimated Total Ingoing Costs: £56,694
Estimated Minimum Ingoing Costs: £56,694
Annual Rent: £52,778
Estimated Annual Turnover: £767,434
Deposit: £13,194
Estimated Fixtures & Fittings Value: £30,000
Estimated Stock Valuation: £10,000
Estimated Working Capital: £3,500
The above figures are a guide and will be finalised as part of the commercial agreement. All figures quoted exclude VAT. Estimated Working Capital covers start-up costs such as professional fees, training, premises license fees, F&F valuation, and till floats. Ongoing charges include maintenance and a repairs fund. Details will be outlined prior to completing a business plan and finalised at Heads of Terms. The minimum deposit and F&F arrangements depend on the type of lease (FRI vs Investment Tenancy). A minimum £10,000 of un-borrowed funds is required for applicants.
Downloads
- Demographics Report Download arrow
- Energy Performance Certificate Download arrow
- Refurbishment Details Download arrow
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