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- Ready for a new challenge in your career?
- Feeling constrained in your current role?
- Excited to unlock your potential?
- Potential major investment planned including opening into one bar, new toilets, signage
- Large garden with new al fresco area and smoking shelter planned.
Situated in the heart of the charming north Bedfordshire village of Clapham, the Fox and Hounds currently operates as a two-bar community pub with a charming garden and children’s play area. Brimming with potential for further development, we at Charles Wells are keen to work with the right operator on a joint investment project that will see the two existing bars combined into a single zoned trading area, an extension to the kitchen, an entirely new toilet block and a revamping of the extensive beer garden to the rear of the pub. With a prominent position just off the A6 bypass to Rushden and a short drive from central Bedford, the Fox and Hounds is ideally placed to maximise the return on this planned investment.
Experienced operators from other managed or tenanted backgrounds with a commitment to great hospitality would suit the Fox and Hounds nicely. As an established, popular yet manageable venue, a focus on traditional pub catering and the motivation to drive a mid-week sales plan would broaden the pub’s appeal beyond its established clientele.
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|Security Deposit in the region of:(paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement.|
|Fixtures and Fittings estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. The successful applicant must reply upon the valuation provided by their appointed lice|
|Stock and Glassware in the region of(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.|
|Valuers Fees in the region of(paid to valuer) for valuing fixtures and fittings.|
|Training Course Fees per person(payable to Wells & Co. Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people|
|Administration Fee in the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.|
|Advance Rent in the region of(usually 1 month)|
|Minimum Working Capital Required|
|APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.|
|Rent in the region of (payable monthly in advance)|
|Service Charge in the region ofPayable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)|
|Accountancy Services in the region offees for a nominated accountant|
|Stocktaking Services in the region ofWe recommend all licensees should have six professional stocktakes per annum|
Sales Share Agreement
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team