Black Horse, Foxton

The Black Horse is a detached rendered, brick building located in the quintessential village of Foxton, home to families and commuters. Foxton is a small village near the A6 trunk route approximately five miles from Market Harborough and 10 miles south east of Leicester, in the county of Leicestershire.  There are local bus services to both towns and the village itself is on the Grand Union canal, a short walk from the local Foxton Locks attraction.  There are two public houses in the village, a village hall and a primary school with Foxton being serviced by Market Harborough train station which is approximately three miles away. London and Birmingham can also each be reached by train in approximately 50 minutes.  A traditional village with 200 houses and around 450 residents, Foxton is generally affluent and well-heeled.

Pub Layout

Having been extended in a number of places over the years, the Black Horse now boasts two main different trading zones.  There are two entrances to the trade areas; the main entrance leads down from the large car park into the lounge bar area which is efficiently set up for dining, as it connects to a vaulted extension with 60 covers.  This in turn leads out to the beautiful gardens and a terrific patio area, partially covered by a stretched tent and festoon lighting, with benches and heating and there is also an outhouse that is setup as a tea room. The second entrance is located to the front where you will find the main bar servery straight ahead which is well set up for drinking, meeting friends and enjoying a beer with some sport on TV. There is a compact but well equipped trade kitchen located to the rear of the pub in between the trade spaces giving great access to both areas and this is also where you will find the customer toilets.

The Black Horse is the hub of the village and has a strong dining offer to attract custom from outside of the immediate village vicinity.  Food is a must, and traditional hospitality is the key to success here.  There are strong cask ale credentials and well ranged wines and spirits available, and hero dishes for key trading periods such as Sunday lunches are vital.  The outside area is brilliant and is a huge attraction in the warmer months.  The latest gem here is the separate building, most recently used as an artisan bakers and a tea room – a great addition during the busy tourist season.

Private Accommodation

There is a lounge, three well sized bedrooms, a small office area, a kitchen and a bathroom situated in the private accommodation.

Annual Rent: £35,000

Security Deposit: £5,000

Working Capital: £5,000

Stock: £6,000

Business Rates: £Nil.  Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

An amazing opportunity for an experienced and knowledgeable licensee, the Black Horse really has it all. An established and strongly performing business with great potential to grow from its current position, it requires a well qualified and funded individual or couple to really take this pub to the next level. The Black Horse is clearly already a successful village pub however the new licensee will need to have exceptional retail and customer service skills, a passion for fantastic hospitality and a keen interest in serving the community, supporting local events and understanding the village needs as well as delivering a really strong traditional food offer.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *