Gallery View
Key Highlights
- Traditional country pub, full of character, with exposed beams benefitting from recent internal and external investment
- Well established food trade with an excellent reputation for quality and service
- Ample parking with attractive garden patio area and smoking provision
- 100 internal covers situated throughout the trade areas, also offering the option of a private dining facility
- Spacious three bedroom private accommodation in good order
Pub Overview
The Fox and Hounds is a quality destination food business, with a very well established reputation. The business benefits from one large bar allowing 25 covers, a snug area with 20 covers which can also be used for private dining occasions, along with a 44 cover restaurant. Externally the business has a delightful very large garden area with patio and smoking provision, adding another 100 covers ideal for alfresco dining. It has recently seen much capital investment from both Wells & Co and the current business operator. It has a fully equipped commercial catering kitchen, separate prep room and walk in fridge, staff W/C and good sized ground floor cellar.
Suitable Applicants
This business would suit an experienced catering or multi-site food operator with a proven track record of developing a quality pub dining experience, ideally knowledgeable in marketing to a wide consumer base to attract guests from neighbouring villages and towns.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£32,700 |
Security Deposit Payable in advance to Wells to cover charges incurred by your business (If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors) |
£12,000 |
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£500 |
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£400 |
Working Capital Minimum working capital required |
£10,000 |
Stock & Glassware In the region of to cover the value of opening stock |
£5,000 |
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
Advanced Rent In the region of (usually 1 month) - negotiable |
£4,000 |
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£45,000 |
ANTICIPATED RETAINED INCOME
Drink Sales FMT |
£277,222 |
Food Sales FMT |
£447,200 |
Gaming Machines FMT |
n/a |
FMT = Fair Maintainable Trade |
Ongoing Costs
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£3,396 |
Accountancy Services Fees for a nominated accountant (in the region of) |
£2,820 |
Stocktaking Services Six professional stocktakes per annum recommended |
£1,269 |
Rent In the region of (payable monthly in advance) |
£48,000 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team