Hare & Hounds Kidderminster

140 Stourbridge Road, DY10 2UL

  • Hare & Hounds Kidderminster
  • Hare & Hounds Kidderminster
  • Hare & Hounds Kidderminster
  • Hare & Hounds Kidderminster

Hare & Hounds Kidderminster

Popular Community Pub with a large refurbishment planned

The Hare & Hounds is located on the busy junction of Stourbridge Road, near the town centre of Kidderminster. It benefits from 5,000 adults living within walking distance, along with an additional 60,000 living within a 10-minute drive time. Therefore, The Hare & Hounds benefits from a fantastic pool of customers and once refurbished will become a pub that is able to cater to all demographics within the area.
The refurbishment will elevate The Hare & Hounds into an exceptional local pub. The redesign of its internal layout and signage scheme will all inspire a premium but welcoming atmosphere, ensuring it stands out from the crowd.

Passionate, friendly and driven operator Wanted
Have you got a positive and driving attitude to make this business a success? Do you have a clear vision for how you can bring success to this pub? If so, we want to hear from you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.




Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games

Trading Area & Facilities

All aspects of the current Hare & Hounds will be transformed into a the most stylish, unique venue in Kidderminster. The trading areas will consists of a bar servery, a bar snug with a pool area a separate dining area. All of this will be refurbished to a very high standard. the kitchen area will be upgraded so it can support the fantastic food offer the Hare & Hounds will be delivering.

Outside the existing sun terrace will undergo an extensive renovation increasing the number of covers and providing an area customers can enjoy in the summer months, making this the 'go-to' place in the area.

There is also a large car park that can hold up to 20 cars for passing trade.

Private Accommodation

Private accommodation is situated above the pub. This consists of four bedrooms, two kitchens a living room. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 12:00 - 23:00

Financials

Annual Rent £
36,500
Estimated Annual FMOP (Licensee Profit) £
39,271
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
479,503
Estimated Annual Barrelage
280

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
28,250
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
9,125
Rent In Advance £
702
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
48,262
Estimated Minimum Ingoing Costs £
16,269

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
999
Estimated Annual Maintenance Compliance Charge £
1,122
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased