Silver Fox
16 London Road, Hertford Heath, Hertford, Hertfordshire, SG13 7RH
WET LED COMMUNITY LOCAL
The Silver Fox, situated in the affluent commuter village of Hertford Heath is a wet led local with honest home cooked food. This pub is available for the first time in over 20 years and will require someone who can embrace the current market place, social media and fresh ingredients. You'll need to bring the business up to current expectations of a local pub in a commuter belt, embracing new customers making them want to return. The pub consists of a horseshoe bar with dining space which doubles as a function room.
Bar
Dining areas
Function rooms
Kitchen
Patio
Location
Hertford Heath is a village and civil parish near the county town of Hertford in Hertfordshire. The pub benefits from a prominent roadside position in a residential area. The village has various local amenities including other pubs, village hall and primary school.
Business Information
Annual rent
£22,000
Weekly rent
£423
Entry costs
£18,875
Turnover royalty
n/a
Forecasted Operator Turnover
£256,900
Forecasted Operator Profit (inc machine profit)
£23,991
Forecasted Operator Machine Profit
£2,000
Average Beer & Cider Discount*
£72
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£22,000 per anum) takes into consideration a machines supply concession. The annual rent will be £24,000 if you prefer not to have Greene King supply machines to you.
Entry cost is approximately £18,875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.
Deposit
£6,000
Fixtures & Fittings
£5,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£18,875
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 71 | 0 | 1,237 |
| 2022 | 89 | 1 | 850 |
| 2021 | 71 | 0 | 221 |
There is a horseshoe bar that has seating around three sides, with large dinning room/function room off to the rear. The pub benefits from a secure walled courtyard to the rear.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
40
Trade Gardens
0
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
1
Customer Car Park Spaces
15
Current Premises Licence Opening Hours
Sun-Thu: 11:00-00:00
Fri-Sat: 11:00-00:30
The accommodation comprises 2 bedrooms, kitchen, lounge and bathroom.
Private Rooms
5
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
0
Private Kitchens
1
Offices
0
Bedsits
0
I am seeking a single site operator who can make this pub their own, who can take hold of this pub and reinvigorate it, after becoming available for the first time in over 20 years. The ability to integrate yourself into the local community, drive wet sales and deliver home cooked food will be key to your success.
Andy Turner, Business Development Manager
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