Restaurants for sale in Thetford

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I can honestly say I was overwhelmed by the amount of interest and enquires.

Jo White (April 2016)
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Freehold Price: £650,000 Price Reduced Annual Turnover: £291,975
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Business Description
• Free of tie hotel and restaurant with 14 letting rooms
• Accounts to year end November 2015 show an income of £291,975 with excellent profits. Net profit up from 75K to 99K
• Well established and regular all year round trade, same ownership since 1999
• Retirement sale, viewing recommended

*OIRO* Well established Norfolk hotel and restaurant with 14 letting rooms. Substantial and freehold property with three/four bedroom owner’s accommodation. Offered for sale due to retirement. Good condition throughout with regular all year round trade. Mainly bedroom and food led sales. Freehold Ref 44847

A wonderful opportunity to acquire this well established and well known free of tie hotel in Thetford, which is a traditional Norfolk market town and is approx. 30 miles south west of Norwich and 12 miles north of the historic town of Bury St Edmunds.

The business is conveniently situated on the edge of the town centre, the business enjoys regular local trade from a number of groups such as the Rotary Club, along with tourists visiting the surrounding areas which include Centre Parcs, which is also close by along with Sneterton Race Track which is approx. 10 miles away.

Having been acquired by the present owners in 1999, this is a thriving and highly successful business which is well renowned for miles around and therefore attracts customers from far and wide on a regular basis both mid week and at weekends. The business benefits from fourteen letting rooms which are used by both leisure and commercial clients. The rooms are mainly used by commercial clients Monday to Thursday and weekends being the most popular for leisure stays. During peak periods of the year, the rooms are usually booked weeks in advance such is the reputation and convenient location to explore the region.

The business offers a traditional and modern menu with all food prepared and cooked from fresh, local ingredients by our client who is the head chef. The Hare & Barrel Hotel has a 60 cover restaurant which is well used throughout the week, along with a large conservatory which is always a popular seating area for either a bar or main meal.

The business currently takes advantage of the all-day licensing laws in order to maximise coverage and income and operates from a substantial, highly imposing property which provides an extremely spacious and versatile business for any new operator.

The Hare & Barrel Hotel is a lucrative free of tie establishment achieving good profit margins yet still offers tremendous scope for future growth and improvement, especially by increasing f

Summary. A superb, rarely available lifestyle change opportunity to purchase a well established family run hotel business, which offers an all year round trade and excellent profits, along with genuine growth potential for any new owner.

A viewing is highly recommended to fully appreciate the property, location and business opportunity in general.
Tenure: Freehold

Listed by: Kings Business Transfer
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KBT44847
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