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
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