Bed & Breakfasts for sale in Norfolk

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 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £750,000 Price Reduced Annual Turnover: £320,000
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Business Description
• OFFERS INVITED OVER - Well established free of tie pub restaurant
• Popular Norfolk location
• Spacious owner’s accommodation a beer garden and 6 en suit letting rooms
• Retirement sale

Profitable, traditional English pub with restaurant and letting rooms situated in popular Norfolk. Substantial freehold property with two bed owner’s accommodation. Projected turnover for the year end August 2013 is in the region of £320,000 with genuine potential to increase income. Freehold Ref 42672

A rare and exciting opportunity to acquire this long established and well known free of tie pub with 20 cover restaurant which has only changed hands three times since the early 1960’s.

Conveniently situated on the main high street the business enjoys a large amount of passing trade from local residents.

Having been acquired by the present owners in 1987, OFFERS INVITED OVER - this is a thriving and highly successful business which is renowned for miles around and therefore attracts customers from far and wide on a regular basis on both mid week and at weekends.

The business offers a traditional pub menu with all food prepared and cooked from fresh, local ingredients and has room for 20 covers set within a separate restaurant area. The hotel also benefits from 6 en suite letting rooms which have been refurbished in recent years, this attracts both commercial and leisure clients throughout the week and at weekends.

The business operates from a substantial and highly imposing building which provides extremely spacious and versatile business accommodation located to the ground and first floor. Good sized 2 bedroom family accommodation is also location on the first floor.

The business is a thriving and highly lucrative free of tie establishment achieving good profit margins yet still offers tremendous scope for future growth and improvement. The business currently trades on limited trading hours 7 days a week thus offering great potential to market the business within the surrounding areas to maximise coverage and awareness of the business which will undoubtedly create significantly higher weekly sales whilst ultimately maximising overall profitability.

This unique opportunity is only now being offered for sale due to retirement and viewing is highly recommended to avoid disappointment.

Summary. This is a rare opportunity to purchase a well established family run business which offers terrific potential for future growth and improvement which is only now being offered for sale due to retirement.
Tenure: Freehold

Listed by: Kings Business Transfer
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