Three Tuns Tamworth

15 Lichfield Street, Tamworth, Tamworth B79 7QD

Under Offer
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth
  • Three Tuns Tamworth

Three Tuns Tamworth

The Three Tuns is close to the town centre of Tamworth and has lots of passing trade but is also supported by many nearby residents. This lovely old pub was refurbished in 2014 and mixes bold colours internally with traditional features, the public bar and louge bar cater for all occassions and the kitchen gives the opportunity to increase trade with a great food offer. There is a well maintained outisde trading area that increases kerb appeal to the front and the 9 parking spaces are a real bonus in the centre of this busy market town. Be at the heart of the community! Local knowledge would come in handy in order to build strong relationships but whether you"re local or not, you"ll have a great attitude that will forge strong links and help build trade, especially on the food offer.

Pub Features

  • Business Start-Up Agreement
  • Weekly Billing

Trading Area & Facilities

The Three Tuns is in excellent condition and gives a great first impression from the street with courtyard area and seating. The public bar is decorated in bold reds & gold with lots of visual interest. There is a lounge bar with a more laidback feel and a well loved pool table. The kitchen can cater for circa 48 covers and you could make this a real opportunuty to grow the business. There are 9 parking spaces. The pub is attractive and inviting from the street and is well situated with passing trade.

Private Accommodation

The private accommodation consists of three bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30

Financials

Annual Rent £
18,000
Estimated Annual FMOP (Licensee Profit) £
20,119
Representative HEINEKEN UK Brand Discount Per Barrel £
143
Estimated Annual Turnover £
213,834
Estimated Annual Barrelage
211

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 £
4,295
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
3,000
Rent In Advance £
346
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
13,826
Estimated Minimum Ingoing Costs £
10,685

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