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Three Crowns Wymeswold

45, Far Street, Loughborough, LE12 6TZ

Pub Code: 2301868101

Key Features

  • Food Opportunity
  • Cask Ales
  • Outdoor Trading
  • 3-bedroom Private Accommodation
  • Car Park

Est Min Ingoing Costs: £12,226

Annual Rent: £32,056

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More Information

Traditional Village Pub

The Three Crowns sits in a prominent position on the main road running through the village of Wymeswold. The picturesque and affluent village is in the Charnwood district, to the North East of Loughborough.

The Three Crowns is renowned for its fabulous food, great atmosphere and excellent service. Already serving a premium draught and cask range, the further premiumisation of the food and drink offer will continue to drive business. The separate function room is a perfect space for private functions and provides an additional income stream.

The Three Crowns appeals to couples, families and groups of friends looking to enjoy a fantastic meal from the Gastro menu, or simply enjoy a refreshing drink in a pleasant atmosphere. The outdoor terrace is ideal for warm sunny days.

Passionate, Innovative Community Operator wanted

Do you have experience delivering a great food offer with a passion for customer service? If so, we want to hear from you.

  • Catering Kitchen

  • Foundation Tenancy

  • Function Room

  • Car Park

  • Cask Ale

  • Private Accommodation

  • Monthly Billing

  • Weekly Billing

Trading Area & Facilities

The pub is in great condition, well-furnished and decorated throughout. It has a one-room bar and an additional function room located upstairs. There is a small but well-equipped catering kitchen.
There is an outdoor terrace for additional trading and a car park for approx. 16 cars.

Private Accommodation

The private accommodation consists of three bedrooms, lounge, kitchen & bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.

Premises Licence Details

Please refer to the Premises Licence for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
00:00
11:00 -
00:00
11:00 -
00:00
11:00 -
00:00
11:00 -
00:00
11:00 -
00:00
11:00 -
00:30

Annual Rent £
32,056
Estimated Tenants Annual Operating Profit £
32,054
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
370,121
Estimated Annual Barrelage
132
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
12,000
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
7,000
Deposit Amount £
8,014
Rent in Advance £
616
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
29,240
Estimated Minimum Ingoing Costs £
12,226
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
2,003
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

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