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TENANT REQUIRED FOR THE THREE HORSESHOES

We are seeking a suitable tenant or tenant couple to run the Three Horseshoes as a community-owned historic inn, located at the gateway to East Anglia.


The successful candidate will work in partnership with the village community to develop a thriving and profitable business. This is an exciting opportunity which would suit either an experienced tenant/tenant couple or candidates who are new to the business but can demonstrate potential to succeed in it.


Annual rent will be fixed at £20,000 for the first year, thereafter rising to £25,000 with a rent review after three years. Because the pub is owned by the community we will not seek to exploit our tenant for profit; and because the Three Horseshoes is the only pub in the village will benefit from rural rate relief. The benefit of living accommodation, comprising three bedrooms, lounge and two bathrooms, is included in the annual rent.


The key characteristics of the Three Horseshoes are as follows:

  • The Three Horseshoes is the only pub in the village and is registered as an ‘Asset of Community Value’. It has its origins in the 19th century and has a central location in the heart of the village. 
  • The pub is within easy reach of the city of Cambridge, Haverhill, Saffron Walden and villages across three bordering counties which will enable it to cater for a wideranging diverse clientele. 
  • Local residents have raised funds to purchase the pub so that it can be preserved in perpetuity. The level of local community support for the business is very high. 
  • The funds raised by the community include provision for some investment in the premises to assist with the new tenant’s launch of their business. 
  • The premises include two bars and dining area with a catering kitchen and living accommodation.
  • The pub has a very large garden and good parking provision.
  • An outside unit with separate power and water supply, previously a microbrewery, will be at the disposal of the tenant, subject to agreement.
  • Free of tie on wines, beers and spirits 
  • An initial five year tenancy agreement is proposed, subject to negotiation. 
  • The tenant will enjoy the full support of the management committee of the community group without being unduly constrained by their oversight.

For further information, including what we expect of our tenant and what our tenant can expect from us, please refer to our business plan and community vision found on this website. 

 

Expressions of interest should be  sent   by email, to the Secretary, Helions Bumpstead Community Benefit Society via the following secure and confidential email address: tenant3hu@hotmail.com.  


You should include reference to any relevant experience of the pub or hospitality industry in your email application. In the absence of such experience, please seek to convince us that you have the personal and professional qualities to rise to this challenge. Shortlisted candidates will be required to produce a business plan.


We look forward to hearing from you.