Three Horseshoes

90 Reading Rd

Description and Trading Style

A wet led community serving good pub grub with a weekly changing specials board. Sky and BT Sports with large screen. Darts team, monthly quiz nights and a pool table.

Location and Local Amenities

Henley on Thames has a population of over 11,000, it is a pretty, affluent and well serviced town with good commuter links to London. Easy access to Reading and Marlow.

Accommodation

Trade: Large bar/seating area, 50+ covers, front terrace 60+ covers & small rear garden space. Pool/darts area. Kitchen, cellar & WC’s incl disabled. Private: 4 double beds (1 with shower), sitting room, WC & bathroom. Small garden area with storage sheds.

Current and Future Markets

The current tenant has been successfully running the pub for 25 years. Customers are locals, darts team, pool players, elderly at lunchtimes & sports viewers. Squash league/rowing crews during Regatta are regulars for food. Theme nights - curry or steak nights could increase food sales.

Requirements

We seek an experienced operator with a strong sense of community. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £16,600 to include a security deposit (3 months of base rent), rent , service charge & insurance advance, stock, glassware, loose goods & training contribution. Fixtures & fittings are circa £17,000 & working capital is circa £5,000.

Estimated Turnover

You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food sales.

Guide Rent

£40,000 per annum payable weekly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.

Rateable value

Draft 2017 figure £19,000. Please contact the local authority to find out actual rates payable.

Licenses & Permits

Sale of alcohol by retail for consumption on and off the premises, live music and dancing. There is an additional allowance for all major sporting events the pub can open 1 hour before and close 1 hour afterwards.

Permitted hours

Mon – Thurs: 10.00-00.30 Fri & Sat: 10.00 - 01.30 Sun: 12.00-23.30

Trade Volumes (FOT=Free of Tie)

2019

2020 Covid

2021 Covid

2022

2023

Draught Beer (36 gallon units) 192 106 122 189.60 170.81
Packaged (litres) 229 142 293 221.76 274.27
Minerals (10 litres) FOT FOT FOT FOT FOT
Spirits (litres) 154 96 96 146.00 147.30
Wines (litres) 1,723 1,062 1,363 1,939.20 1,725.30