Snooty Fox Newbury

148 Bartholomew St, Newbury RG14 5HB

  • Snooty Fox Newbury
  • Snooty Fox Newbury
  • Snooty Fox Newbury
  • Snooty Fox Newbury
  • Snooty Fox Newbury

Snooty Fox Newbury

Craft Beer Pub Planned

The subject of a proposed refurbishment and name change to 'The Globe Inn', The Snooty Fox is located on Bartholomew Street, in the centre of Newbury town. Surrounded by commercial premises, eateries and bars, it forms part of an established social circuit and benefits from significant footfall throughout the day and evening.

Transformational refurbishment works are planned and once complete, the venue will be a vibrant, on-trend pub, characterised by a contemporary, stripped back design. During the day it will give a coffee house vibe, and at night it will transform into a cool, craft beer house. With a nod to its rich history and heritage, the pub's name will be returned to The Globe Inn, as it was known before it became the Snooty Fox.

Innovative Operator Wanted

Do you have previous business management experience and catering skills? With your expertise, drive, passion and commitment, sales will be maximised. While some trade experience may be beneficial, business management skills are essential.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Monthly Billing

Trading Area & Facilities

Internally, post refurbishment the pub will include a casual bar area where friends can enjoy drinks and light bites to eat, a stripped back bar area with a good sized gathering area and a snug area perfect for anyone who wants to enjoy drinks in a private setting. There will also include a catering kitchen and the site has room for 50 covers.

Externally, there will be an attractive outside area including new furniture that can comfortably sit 12 covers.

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 & Bars, 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 at The Snooty Fox consists of four bedrooms, an open planned kitchen and lounge area and a bathroom. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

Please see premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00

Financials

Annual Rent £
42,250
Estimated Annual FMOP (Licensee Profit) £
42,335
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
460,204
Estimated Annual Barrelage
209

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
10,563
Rent In Advance £
813
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
48,686
Estimated Minimum Ingoing Costs £
48,686

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 £
1,341
Estimated Annual Maintenance Compliance Charge £
709
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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