Run a Star Pub - Fox & Hounds Coxbench - Derby

The right operator for the Fox & Hounds will have extensive experience in food-led businesses. They will have a clear vision for their menu, team culture and guest experience, and can create a memorable destination for dining and drinks.

A refurbishment investment of around £170,000 is planned to transform The Fox & Hounds into a premium local pub with food, sport and entertainment at its heart. What would you do with this pub to make it a success? The Fox & Hounds offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. The Area: The pub benefits from being one of just a few pubs in the area, with 781 adults living within walking distance. The local customer base is made up of midlife and mature adults with medium to high affluence. Located in Coxbench, just off the A38 near Little Eaton, the pub is positioned close to scenic walking routes being redeveloped by the local authority. It's ideally placed to attract local trade as well as walkers and visitors passing through the area.

• Catering Kitchen
• Car Park
• Cask Ale
• Outdoor Trade
• Private Accommodation
Trading Area & Facilities The Fox & Hounds will be undergoing a refurbishment which will cover the internal and external areas of the pub. A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads. The pub's trading area and facilities post refurbishment will be:
• Main trading area with bar
• Separate dining room
• 75 internal covers
• 48 external covers
• Fully equipped catering kitchen
• HEINEKEN SmartDispense®
• Outdoor trade
• Car park with 28 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016). Private Accommodation The private accommodation consists of 3 bedrooms, living room, kitchen and bathroom. Pub Financials Pub Financials Icon With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term. Indicative entry costs £29,625 Annual Estimated Annual Turnover £364,955 Annual Rent £24,503 Entry Costs Deposit £6,125 Estimated Fixtures & Fittings Value £15,000 Stock Valuation £5,000 Working Capital Required £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.