Pubs for sale in Norfolk

View the "Leasehold Pub With Accommodation Kings Lynn" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I would like to congratulate 'Daltons' on a great service. All the staff were really efficient & friendly. 

Mark Bretton (October 2016)
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Leasehold Price: £37,750 Turnover: £150,276 Gross Profit: £74,561
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Business Description
BUSINESS
Hilton Smythe welcomes to the market Live & Let Live which has been noted from the 16th century as 5 cottages for dock workers and as a public house soon after. Our vendor, who is taking retirement, has been at the business for 17 years or so.

Live & Let Live is a mainly wet trade led pub which has a 4.5 TripAdvisor rating as well as a 4.8 Facebook rating. The pub, which is a CAMRA pub is in the good beer guide and receives visits from people traveling to Kings Lynn from London on the train just to sample the beer that’s on offer. Apart from being close to town there are also walks and parkland close by. Live & Let Live has a very good reputation locally and is set in a strong residential area bringing in many regular customers

There is no website and this is one thing that our vendor admits could bring in extra trade.

Hilton Smythe highly advise early viewing to avoid disappointment.

LOCATION
Live & Let Live is located in Kings Lynn within Norfolk, on a side street close to nearby local shops and businesses. This prime location allows for all year round passing trade and heavy footfall.

Being located close to the town centre there are numerous transport links close by.

PREMISES
Live & Let Live sits on the corner of Windsor Road with access directly from the street to the public bar and the snug bar.

The public bar has seating for 15 – 20 people with plenty of standing area. There is also a pool table in this space.

The snug bar has seating for 10 – 12 more guests with plenty of standing area.

Both areas are served from the same bar which serves 5 local and traditional ales along with 6 lagers, wines, spirits as well as hot & soft drinks.

There are separate ladies and gent’s WC’s.

Past the bar there is the store room and cellar.

On the first floor, you will find the living accommodation which comprises of lounge, kitchen, bathroom and two bedrooms.

The pub has air conditioning and there is gas central heating throughout the building.

TENURE
We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 20 years.

Remaining lease length: 11 years as of 2017.

Rent £15,600 per annum

The rateable value as of the VOA website is £8,175.

HOURS
The business opening hours:

Monday-Thursday:11am – 11pm

Friday-Saturday:11am - 12am

Sunday: 11am - 11pm

STAFF
The business is run and managed by our client, with the help of 2 part time members of staff.

FINANCIAL PROFILE
Live & Let Live generated an advised turnover of circa £150,276 as of the 2016 accounts, with a gross profit of 49%.



Tenure: Leasehold

Listed by: Hilton Smythe
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