Pub Overview
We’re investing in this pub in the heart of Walkeringham, situated in a charming village near Gainsborough.
What would you do with this pub to make it a success?
The Fox & Hounds is available on our investment tenancy agreement. The pub will feature a traditional yet fresh interior, 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.
You’ll 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.
The right operator for The Fox & Hounds will have extensive experience in 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.
When refurbished, The Fox & Hounds will offer:
1. A great premium drinks selection including beers, ciders, including no & low options alongside quality wines, spirits, and soft drinks options.
2. A traditional pub offering a good mixture of home-cooked and homemade pub classics.
3. Great coffee to entice customers throughout the day, complemented with some baked goods.
4. Occasional events like a pub quiz or a darts and dominoes night could be a big hit with the locals.
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 pub's trading area and facilities post-refurbishment will be:
1. Main trading area with bar
2. 69 internal covers
3. 36 external covers
4. Catering kitchen
5. Car Parking
6. Patioed external seating Area
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 4 bedrooms, a living room, kitchen, and a bathroom.
Pub Financials
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 finalized 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 finalized 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
* Energy Performance Certificate
* Refurbishment Details
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