Three Merry Lads Sheffield

610 Redmires Road, Sheffield S10 4LJ

  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield
  • Three Merry Lads Sheffield

Three Merry Lads Sheffield

Refurbishment Planned

The Three Merry Lads is a large destination pub located on the outskirts of an affluent residential area. The pub is surrounded by beautiful country landscape - the nearby communities consist of mainly wealthy families and mature professionals. Due to the location, there is also ample opportunity to appeal to rural hiking enthusiasts.

The right food offer will be key to the pub's success - a menu of pub classics with a focus on quality and locally sourced produce would go down as treat, alongside a daytime coffee and cake offer.

We plan to refurbish The Three Merry Lads - watch this space for more exciting details.

Experienced, Ambitious Operator Wanted

We are very excited about The Three Merry Lads and are keen to partner with an operator who is equally as passionate and ambitious. Experience with a similar site will be essential for this pub and you will be required to be well funded. If you are passionate about running pubs and have the ability to market your business through social media, we are keen to speak to you. Apply now to find out how Star Pubs & Bars, a 2018 Publican Awards winner, can support you to develop this promising business opportunity.

Click here to find out about one of our previous exciting refurbishments: https://youtu.be/8NSbtO1sbjE

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Childrens Play Area
  • Cask Ale

Trading Area & Facilities

Internally, the pub's interior design is relaxed and homely - fireplaces add to this feel. It is a fairly large site, one section of the pub can be used as a main lounge area whilst the rear of the property can be used for dining.

Externally, the gorgeous Georgian stone building is impressive. There is outdoor seating available to both the front and the rear - the latter of which has a beautiful decked area and an area devoted to children's activities. There is an added bonus of a large private car park on site.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation consists of bedrooms, living room, kitchen, bathroom. In line with our Ready To Trade Promise, we will ensure that the living accommodation is brought up to a good standard so that you can focus on getting your business right.

Premises Licence Details

Please see Premises License for further 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 10:00 - 01:00 10:00 - 01:00 11:00 - 00:00

Financials

Annual Rent £
74,000
Estimated Annual FMOP (Licensee Profit) £
74,960
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
688,239
Estimated Annual Barrelage
220

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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
18,500
Rent In Advance £
1,423
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 £
60,108
Estimated Minimum Ingoing Costs £
22,519

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 £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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