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Public House & Restaurant
Price:
Leasehold - £170,000
Business Type:
Food Service Businesses, Pubs
Advent Business Sales are delighted to offer this traditional, well established hostelry for sale. The business has seen considerable investment during the 11 year tenure of the vendors. It is being offered for sale as the owners wish to retire.
This substantial pub, which dates back to Victorian times, has developed an excellent reputation with village locals, tourists and travellers alike.
The pub has a traditional bar, with a pool table and various gaming/vending machines. In addition, there is a main restaurant area with some 44 covers, and a converted barn which can easily accommodate a further 50 covers, either as a separate function room or additional restaurant capacity. 3 real ales are offered along with an extensive range of wines and spirits.
Food is a very important component of this successful business. Two menus are offered, one specialising in oriental cuisine, the other more traditional pub fayre, including Sunday lunches.
Approximate wet/dry spit is 40%/60%. The Oriental menu accounts for around 60% of food sales, and the reputation locally is excellent.
The large kitchen area is fully equipped to industry standards, with a large inventory of equipment included within the sale.
The pub’s clientele form a strong blend of local trade and tourist trade.
There are a range of pub teams with the pub being especially busy in the summer months where a take of £12, 000 per week is not uncommon. In addition, functions are a growing component of the business, with the separate barn conversion in which to hold them.
The large garden, which has permanent wooden tables is popular in the summer, and the lawn is large enough to accommodate a marquee.
The business has seen considerable investment over the last 5 years, totalling some £120K from the vendor, which has been more than matched by Punch Taverns.
No immediate investment, other than the consideration price therefore will be required by the buyer.
REF: 9503NR
EXPANSION POTENTIAL
1. Licensed hours not fully exploited
2. Website not developed
3. Additional promotion of function room
4. Entertainments license held but not fully exploited
5. Favourable rental terms recently agreed
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £362,631
Gross Profit: 63%
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
This delightful public house is positioned prominently on a ain trunk road leading from main city in Norfolk. It is a well know stopping off point for travellers. The business benefits from ample car parking, owners’ accommodation, and there is a large garden area. Just over the road is a fish and chip shop, and there is a bus stop immediately outside the pub.
The pub is located in a prosperous village, near the town of Cromer & Norwich. The town of North Walsham, an important tourist centre in the Norfolk Broads, lies just 7 miles to the south east. Bus links within the area are good. There are railway stations at Cromer and North Walsham, connecting to Norwich. London Liverpool Street is reached in approximately 90 minutes. There is an International airport just to the north of Norwich.
The business is ideally sited, close to the tourist towns located on the North Norfolk coast, with the Norfolk Broads and Great Yarmouth lying to the east. The County population s
Mon – Fri: 12 midday – 3.00pm
& 5.00pm – 12 midnight
Sat: 12 midday – 2.00am
Sun: 12 midday
BUSINESS PREMISES
A substantial early Victorian Public House, with bar, restaurant, function room, owners’ accommodation, large garden, ample car parking and ancillary buildings.
Ground Floor
• 44 cover restaurant
• Traditional bar with:
• Pool table
• Large flat screen TV
• Fruit Machine
• Games Machine
• 2 Peanut Vending Machines
• Dart Board
• Ladies and Gents WCs
• Fully accessible disabled WC
• Function room with up to 50 covers
• Cellar with liquor store
First Floor
• Owners’ Accommodation Comprising:
• 3 double bedrooms
• Living Room with CCTV monitoring station
• Office
• Bathroom and W/C
External
• Ample separate car parking
• Delightful beer garden with 11 large tables
• Store with walk in chiller and freezer
• Wash up area
• Laundry with 2 commercial washing machines
• Laundry shed
• Private garden
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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