The Fox and Hounds - Sales Share Agreement, Clapham

The Fox and Hounds - Sales Share Agreement, Clapham

  • The Fox and Hounds - Sales Share Agreement, Clapham gallery image
  • The Fox and Hounds - Sales Share Agreement, Clapham gallery image
  • The Fox and Hounds - Sales Share Agreement, Clapham gallery image
  • The Fox and Hounds - Sales Share Agreement, Clapham 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 RETAINED INCOME

We estimate the income from this pub would be as follows:

Drink Sales

31%

Food Sales per person
(payable to Charles Wells Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.

95%

Room Sales in the region of
(payable to Charles Wells Ltd in advance) to cover e.g. premises license changes, solicitors fees and agreement.

100%

Gaming Machines

50% of profit

 

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 Charles Wells Pub Company and held to cover credit and rental charges. Note - If the business is to be run as a limited company, personal guarantors from each company director are required. The bond specified is for a sole trader agreement. If its below £10,000 it will rise to that amount for a limited company.

£6,000

 

Training Course Fees per person
(payable to Charles Wells Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.

£550

Administration Fee in the region of
(payable to Charles Wells Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.

£750

Minimum Working Capital Required 

£2,700

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.

£10,000

 

Ongoing Costs

Service Charge in the region of
Payable `onthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)

£2,629 pa

Accountancy Services in the region of
fees for a nominated accountant

£3210 pa

Stocktaking Services in the region of
We recommend all licensees should have six professional stocktakes per annum

£960 pa

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