Three Horseshoes Malpas

45 Pillmawr Road, Newport NP20 6WG

  • Three Horseshoes Malpas
  • Three Horseshoes Malpas
  • Three Horseshoes Malpas
  • Three Horseshoes Malpas
  • Three Horseshoes Malpas
  • Three Horseshoes Malpas
  • Three Horseshoes Malpas
  • Three Horseshoes Malpas
  • Three Horseshoes Malpas

Three Horseshoes Malpas


Situated on a corner site The Three Horseshoes is a superbly appointed pub in an affluent area of Newport.
This pub is popular with locals and visitors alike as there are 12,000 plus adults within a mile of the pub and 100,000 adults only a 10 minute drive away. There is a large car par to side of the site which can accommodate these customers. With large catering kitchen facilities on site, The Three Horseshoes has huge potential to become a hub of the community providing an excellent food and drink offer. Adding to this there is a large secure family friendly beer garden and children's play area to the rear of the pub which is perfect for alfresco drinks and dinning on those hot summer days.
The Three Horseshoes currently has a function room on the first floor that is regularly let out for parties and functions which adds an addition income stream for the business.

Passionate community friendly operator Wanted
Have you got a positive and driving attitude to make this business a success? Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to hear from you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.



Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Private Accommodation
  • Childrens Play Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Three Horseshoes consists of one large trading area split into two separate areas, one currently has a pool table and is used as a bar and the other is a lounge area that is currently used for dinning.
There is a large catering kitchen on site with the capacity of 50 plus covers. Situated on the first floor of the pub is a large function room that is currently let out for parties etc.
Outside The Tree Horseshoes there is a large secure family friendly beer garden with play area for the children. There is also a small covered area with bench style seating. Car park is situated to back and side of site with space for 20 plus cars.

Private Accommodation

The private accommodation at The Three Horseshoes consists of 3 bedrooms, bathroom with separate toilet, Kitchen and lounge area. 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

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
26,750
Estimated Annual FMOP (Licensee Profit) £
28,864
Representative HEINEKEN UK Brand Discount Per Barrel £
135
Estimated Annual Turnover £
378,561
Estimated Annual Barrelage
283

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
15,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
6,688
Rent In Advance £
514
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
28,387
Estimated Minimum Ingoing Costs £
11,414

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased