Pub Overview The area We’re investing in this pub in the heart of Walkeringham. Situated in a charming village near Gainsborough with some 800 adults in walking distance of this pub, with no other competitor pubs in the area. The neighbourhood is made up of mature & mid-lifers, with medium-high affluence. Visitors will be a mix of local residents and tourists from the nearby marina on the River Trent and local caravan sites, looking for a relaxed pub in a scenic village location. The offer The Fox & Hounds is available on our investment tenancy agreement. Click here for more information on this agreement. The pub will feature a traditional yet fresh decor, complete with a new kitchen, dining area, and lounge, making it the perfect spot for a meal, a pint, or a cosy evening by the fire. The new licensee will be at the centre of village life, offering a warm, welcoming atmosphere with classic pub food, a great drink selection, and occasional events like pub quizzes and darts nights. Could this be you? The right operator for The Fox & Hounds will have experience in a community-led hospitality business. 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. Features Car Park Catering Kitchen Investment Tenancy Private Accommodation Refurbishment Planned Pub Games Trading Area & Facilities The Fox & Hounds will be undergoing a refurbishment which will cover the interior of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pubs trading area and facilities post refurbishment will be: 2 trading areas with bar 69 internal covers 36 external covers Catering kitchen Car Parking Games area External seating patio. Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016). Private Accommodation Private accommodation consists of 4 bedrooms, a living room, kitchen, and a bathroom Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £36,392 Estimated Minimum Ingoing Costs £36,392 Annual Rent £27,566 Estimated Annual Turnover £362,935 Deposit £6,892 Estimated Fixtures & Fittings Value £20,000 Estimated Stock Valuation £6,000 Estimated Working Capital £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow Refurbishment Details Download arrow