The Fox and Hounds, Clapham - Sales Share Agreement

The Fox and Hounds, Clapham - Sales Share Agreement

  • The Fox and Hounds, Clapham - Sales Share Agreement gallery image
  • The Fox and Hounds, Clapham - Sales Share Agreement gallery image
  • The Fox and Hounds, Clapham - Sales Share Agreement gallery image
  • The Fox and Hounds, Clapham - Sales Share Agreement gallery image
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Key Highlights

  • 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.

Pub Overview

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. 

Suitable Applicants

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.

Financial Overview

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.

Ongoing Costs

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
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Sales Share Agreement
Clapham Milton Street, Clapham, Bedfordshire, MK41 6AP
Destination community wet
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team