Pub Overview
Fantastic Refurbishment Planned
The Three Fiddles is an attractive stone-built pub on Westgate in Guisborough, a picturesque market town. Star Pubs & Bars are planning a major refurbishment with works being undertaken both internally and externally. Post works, the Three Fiddles will be THE go-to Premium Local in town for residents and tourists alike. Check out the details by downloading the “Refurbishment Details” document.
The Three Fiddles is undergoing a major refurbishment, starting with an internal revamp. The trade areas will be redecorated with new carpets, repolished woodwork, and new tiles for the WCs. The existing lighting will be cleaned and re-bulbed. Existing fixed seating will be partly recovered and new loose furniture added where necessary.
Externally, the pub will also have a makeover. New external decorations and refurbishment of the existing signage will signal the change, as well as a full overhaul of the walled beer garden in order to maximize custom throughout the year. The refurbishment will have a transformational effect, ensuring patrons have a premium local pub with an inviting atmosphere and welcoming vibes.
Tourist Town Location
The Three Fiddles is located in a picturesque market town in Redcar & Cleveland. Cobbled on-street parking runs along the road to enable visitors to explore the town. With 18,000 adults within 20 minutes, there's plenty of opportunity for the pub to stand out. There is a busy circuit of pubs within walking distance but a limited number are Premium Locals up to the standard of the Three Fiddles post-refurbishment.
The great potential of this pub comes from its transformed walled garden, particularly in summer, as well as its full trade area redecoration and overhaul. A great cask range and focus on events calendar will appeal to a positive and ambitious operator who is experienced in the pub trade and knows what it takes to run a great Premium Local.
Target Customers:
When refurbished, the Three Fiddles will appeal to:
* Local Residents
* Tourists
* Friends & Colleagues
Offer:
When refurbished, the Three Fiddles will offer:
* A quality drinks range including cask ales
* A simple food offer done well at a great price point
* Televised sports and rhythm of the week entertainment
Operator Requirements:
The right operator for the Three Fiddles will have extensive experience in premium hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy, and entertainment offer, 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...
Features
* Refurbishment Planned
* Investment Tenancy
* Catering Kitchen
* Live Sports
* Outdoor Trade
* Private Accommodation
Trading Area & Facilities
The Three Fiddles will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.
The pubs trading area and facilities post refurbishment will be:
* Main trading area with bar
* Separate dining room
* 82 internal covers
* 58 external covers
* Catering kitchen
Pub Financials
Estimated Total Ingoing Costs:
£50,475
Estimated Minimum Ingoing Costs:
£50,475
Annual Rent:
£33,490
Estimated Annual Turnover:
£525,106
Deposit:
£8,372
Estimated Fixtures & Fittings Value:
£30,525
Estimated Stock Valuation:
£8,078
Estimated Working Capital:
£3,500
The above figures are provided as a guide only and will be finalized as part of the commercial agreement. All figures quoted are exclusive of VAT.
Downloads
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
* Refurbishment Details Download arrow
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