Bars for sale in King's Lynn

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All Established Family Run Pub

King's Lynn, Norfolk, England

  • Leasehold Price: £99,500
Seller Reference: K040418L
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Business Description
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Seller Reference: K040418L
Request Details
Business Description
The leasehold of this business is offered on assignment of this fully assignable, Landlord and Tenant Act protected lease, with a couple of years to run. Obviously this is fully renewable prior to expiry along the same terms as it is currently held offering reassurance to the new leaseholders.

Rent details are currently circa £50k p/a after a review, these details are to be confirmed prior to sale.
We will provide you with every detail in order for you to make the right decision.
You can contact us at any stage and we will support you throughout.

Location & Area

King's Lynn, is a lovely Market Town in Norfolk, which boasts a population of circa 42,800. The area of Wootton is a largely residential area with a large population and The Deer’s Leap is located at the junction of Wootton Road (A148) and Low Road (A1078) about 2 miles north-east of the town centre is the social hub of the local and wider community.

Property Description

A lovely mix of old and new, the three areas of the main pub blend well together. Ground floor ( 400 sq m (4,305 sq ft) provides public areas, storage, bar and kitchen. To the side and rear is a large car park, beer garden and children's play area.
First floor Managers Accommodation comprises 5 Rooms, Kitchen and Bathroom.

The Business

The Deer’s Leap remains busy and a hub of choice.
Hosting food-themed evenings throughout the week and at weekends, live music, karaoke and various seasonal events.
Net-mums say "The Deer's Leap caters for children and families very well. All children's menu meals are £4.95 and come with dessert. For the parents the food is a great in a clean and relaxing environment.
The Beer Garden is lovely on a sunny day with ride on toys for the children and a play area for them too and it is completely secure so you can enjoy the adult conversation while they are running around.
All the food is freshly prepped and good value for money."
Trip-advisor 4* rated
Facebook 4* rated
Tastecard 4.5* rated

The 2017 accounts evidence an annual turnover of £444,967, which translates to weekly takings of £8557 as a mix of Wet and Food sales. This is buoyant, consistent trade, which is not only sustainable, but has much scope for business development in the future, under new ownership.

Rent is currently £50k p/a.
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