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Run a Star Pub - Three Tuns Bishops Castle - Shropshire
Job summary
A leading pub investment firm is offering an exciting opportunity at a refurbished pub located in Bishop's Castle, Shropshire. The operator should have extensive experience in destination hospitality and a vision for food, drinks, and marketing. Responsibilities include managing operations, enhancing customer experiences and driving trade. The estimated annual turnover is £767,434 with an annual rent of £52,778, making this a potentially lucrative opportunity.
Qualifications
- Proven experience in running or owning a pub.
- Strong marketing capability and creative ideas to drive trade.
- Ends with a clear vision for food and drinks.
Responsibilities
- Drive trade and enhance customer experience.
- Manage the function room for events and entertainment.
- Oversee pub operations post-refurbishment.
Skills
Exciting refurbishment planned for The Three Tuns, a pub in Bishop's Castle, Shropshire. This investment opportunity presents a premium local hospitality experience in a market town with a population of 1,893. The pub is positioned with 1,115 residents within walking distance and limited competition from four other pubs. The refurbishment includes a revamped interior, upgraded kitchen facilities, and an enhanced exterior patio, combined with a drinks selection featuring Three Tuns Brewery Ales and a menu of Great British Pub Food.
The Three Tuns is available on our investment tenancy agreement. Further information about this agreement is available on request.
- Drinks: A revamped drinks selection featuring the full Heineken range, a Three Tuns Brewery ale, premium spirits, and a variety of soft drinks.
- Food: Great British Pub Food with hearty classics.
- Coffee: Barista-level coffee experience.
- Events: Lively entertainment and events in the function room on weekends.
We’re always open to new ideas. What would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator will have extensive experience in destination hospitality, a clear vision for food & drinks, marketing, and entertainment to create a memorable customer experience. If this sounds like the opportunity you’ve been waiting for, apply today and share what you can bring to the pub’s next chapter.
- Catering Kitchen
- Function Room
- Investment Tenancy
- Cask Ale
- Outdoor Trade
- Refurbishment Planned
The trading area and facilities post-refurbishment will include:
- 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 note that all refurbishments are subject to final board approval as part of the leasing process. An Investment Exemption may apply under The Pub Code (2016), which can affect the Market Rent Option lease during rent reviews for up to seven years.
The pub has no private accommodation.
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 figures are a guide and finalised as part of the commercial agreement. All figures are exclusive of VAT. Working capital covers start-up costs such as professional fees and training. Ongoing charges include maintenance and related costs, to be outlined prior to finalising the business plan and Terms.
The Estimated Minimum Ingoing Costs assume a minimum deposit of 1 month’s rent and rented F&F. For FRI and Investment Tenancy Agreements, deposits are 3 months’ rent with F&F purchases. A 6-month rent deposit is required for operators trading under a Limited Company with no guarantors. A minimum of £10,000 un-borrowed funds is required for applicants.
- Demographics Report Download
- Energy Performance Certificate Download
- Refurbishment Details Download
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.