The Fox, Farthinghoe
Pub Details
Baker Street, Farthinghoe, Northamptonshire, NN13 5PH
Destination Community Food
Ingoing Costs: £25,000
Pub Rent: £41,500
About the Pub
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%
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
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
APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings£24,999
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)£10,000
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£8,000
Stock & Glassware
In the region of to cover the value of opening stock£5,000
Anticipated Retained Income
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£799
Fixtures & Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)TBC
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 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)
£799 p/m
It all starts with a vision.
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If you’re passionate, willing to learn and have a strong desire to serve your community, you’re definitely in the right place.
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