Fox & Hounds
Riseley

Fox & Hounds

  • Fox & Hounds gallery image
  • Fox & Hounds gallery image
  • Fox & Hounds gallery image
  • Fox & Hounds gallery image
  • Fox & Hounds gallery image
Gallery View

Key Highlights

  • Traditional country pub, full of character, with exposed beams benefitting from recent internal and external investment
  • Well established food trade with an excellent reputation for quality and service
  • Ample parking with attractive garden patio area and smoking provision
  • 100 internal covers situated throughout the trade areas, also offering the option of a private dining facility
  • Spacious three bedroom private accommodation in good order

Pub Overview

The Fox and Hounds is a quality destination food business, with a very well established reputation. The business benefits from one large bar allowing 25 covers, a snug area with 20 covers which can also be used for private dining occasions, along with a 44 cover restaurant. Externally the business has a delightful very large garden area with patio and smoking provision, adding another 100 covers ideal for alfresco dining. It has recently seen much capital investment from both Wells & Co and the current business operator. It has a fully equipped commercial catering kitchen, separate prep room and walk in fridge, staff W/C and good sized ground floor cellar.

Suitable Applicants

This business would suit an experienced catering or multi-site food operator with a proven track record of developing a quality pub dining experience, ideally knowledgeable in marketing to a wide consumer base to attract guests from neighbouring villages and towns.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings
£32,700
Security Deposit
Payable in advance to Wells to cover charges incurred by your business  (If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors)
£12,000
Training Course Fees 
 Per person (payable to Wells & Co. Ltd) 5 day  induction course mandatory for all licensees – NB £800 for two people
£500
Administration Fee
In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement
£400
Working Capital
Minimum working capital required
£10,000
Stock & Glassware
In the region of to cover the value of opening stock
£5,000
Valuers Fee
In the region of (paid to valuer) for valuing fixtures and fittings.
£800
Advanced Rent
In the region of (usually 1 month) - negotiable
£4,000
Fixtures & Fittings
 Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)
£45,000
ANTICIPATED RETAINED INCOME
Drink Sales
FMT
£277,222 
Food Sales
FMT
£447,200
Gaming Machines
FMT
n/a

FMT = Fair Maintainable Trade

Ongoing Costs

Service Charge
Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)
£3,396
Accountancy Services
Fees for a nominated accountant (in the region of)
£2,820
Stocktaking Services
Six professional stocktakes per annum recommended
£1,269
Rent
In the region of (payable monthly in advance)
£48,000
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

54 High Street, Riseley, Bedfordshire, MK44 1DT
Destination community food
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team