Three Cups

45 Newnham Street, Bedford, Bedfordshire, MK40 3JR

A PUB THAT IS SERIOUS ABOUT BEER

The Three Cups is situated on the outside of Bedford town centre but within easy walking distance of all the major amenities. Being so close to the centre of the town allows the site to be a real chameleon and trade at all key times of the day and week. It will be important that the new operators maximises the potential of this site and introduces a food offer. The site has gained a great reputation from beer lovers near and far, anyone considering this great opportunity will need to have a real passion for top quality beer.

Location

Bedford is the county town of Bedfordshire with a population in excess of 100,000. Founded along the banks of the great river Ouse it still enjoys riverside events in the summer. There is a lot of development in the town centre, including the recent riverside complex as well additional houses being built within the local area. Bedford has excellent commuter links into London. The Three Cups enjoys a great location as it is within walking distance of the town centre but also close to residential streets

Business Information

Annual rent

£39,000

Weekly rent

£750

Entry costs

£36,475

Turnover royalty

n/a

Forecasted Operator Turnover

£368,893

Forecasted Operator Profit (inc machine profit)

£37,665

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £36,475.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £15,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£9,750

Fixtures & Fittings

£15,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£5,000

Total Entry Costs

£36,475

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 41 57 1,153
2019 122 642 3,219
2018 198 1,207 3,971

A single bar servery with a mix of soft furnishings and fixed seating make this a really comfy town centre beer house. There is a back room attached to the main bar area with a snug seating area within.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

42

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

12

Current Premises License Opening Hours

Mon - Sat:11:00 - 00:00
Sun: 12:00 - 23:00

The private accommodation is in fair condition

Private Rooms

6

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

This is a great site, it has its own Micro Brewery on site and sits in the heart of Town! I'm searching for an excellent operator to bring this Pub to life

Phil Venables, Business Development Manager

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