Gallery View
Key Highlights
- Beautiful stone built rural village pub with open fire
- 4 ensuite letting rooms in separate block
- Car parking and pub garden to the rear
- Recently refurbished so key turn opportunity
- Excellent dining spaces (approx 50 covers) plus bar area and outside seating
- 3 domestic bedrooms, lounge and kitchen
Pub Overview
The Fox is currently mainly trading as destination food, however being the only pub in the village it does have scope to build on the wet sales and also increase the bookings in the letting rooms, especially with HS2 nearby. The current split is approx. food 55% / wet 31.8% and accommodation 13.2%
Suitable Applicants
The Fox would suit an couple or individual with catering experience as this site already has a good following and reputation for food. As this is the only pub in the village it has scope to build on the community aspect as well as being the hub of the village.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
Security Deposit Paid in advance to Wells & Co. Ltd, held to cover credit and rental charges. Returnable at the end of the agreement. |
£10,000 |
|
Administration Fee Payable to Wells & Co. Ltd in advance, to cover e.g. premises license changes, solicitors fees, and agreement. |
£400 |
|
Minimum Working Capital Required Minimum working capital required |
£8,000 |
|
Stock and Glassware Paid to the outgoing licensee on the day of changeover) to cover the value of opening stock |
£5,000 |
|
Valuers Fees (paid to valuer) for valuing fixtures and fittings |
£800 |
|
Advanced Rent One week rent in advance |
£799 |
|
F&F 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. |
TBC |
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£24,999 |
Ongoing Costs
|
Service Charge Includes: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£85.50 p/m |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£326 p/m |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£126 p/m |
|
Rent In the region of (payable weekly £798 in advance) |
£41,500 p/a |
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.
Downloads
Business BrochurePub Details
Baker Street, Farthinghoe, Northamptonshire, NN13 5PH
Destination community food
Total Investment
20k - 30k
