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A leading pub management company is offering an exciting opportunity at the Three Horseshoes in Loughborough. This pub is undergoing a refurbishment to elevate its status in the local market, providing an excellent venue for food and drinks. The right operator will have a strong background in community hospitality and be ready to implement engaging events and menus. This role offers the chance to create a memorable experience for both locals and visitors.
Pub Overview
Fantastic opportunity at the Three Horseshoes! Our exciting refurbishment will elevate this pub to the top spot among local competitors, making it the perfect venue for your next successful venture.
What would you do with this pub to make it a success?
Situated in the picturesque village of East Leake, this pub is poised to transform into a premium local destination.
With a full refurbishment planned inside and out, including a complete redesign, new signage, and fresh decor, it will cater to the growing demand for a high-quality venue offering both food and drinks. Featuring 109 internal and 150 external covers, the pub will provide a welcoming environment for locals and visitors, with something to appeal to everyone.
The pub’s transformation will position it as a standout choice among local competitors, offering classic pub dishes, specials, a wide drinks selection, and a full rhythm of weekly events, including live music and quizzes. An experienced operator with a strong understanding of food and the local community will thrive in this space, which is perfectly tailored to the area’s medium- to high-affluence demographic and their demand for a premium, engaging pub experience.
The Three Horseshoes is available on our investment tenancy agreement.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Three Horseshoes will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, a robust rhythm of the week and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...
The Three Horseshoes will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading area and facilities post refurbishment will be:
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 consists of 4 bedrooms, a living room, kitchen, and bathroom.
Estimated Total Ingoing Costs: £42,248
Estimated Minimum Ingoing Costs: £42,248
Annual Rent: £33,731
Estimated Annual Turnover: £550,617
Deposit: £8,433
Estimated Fixtures & Fittings Value: £22,315
Estimated Stock Valuation: £8,000
Estimated Working Capital: £3,500
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.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
* 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.