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3 bedroom pub for sale

NORFOLK

£39,500

Property Description

Key features

  • Well presented and eye-catching inn and restaurant in a superb location.
  • Large modern open plan Bar with feature fireplace (circa 30).
  • Stylish two section Restaurant (circa 50).
  • Separate Function/Meeting Room with oak surround fireplace (circa 30).
  • Fully equipped Commercial Kitchen.
  • Spacious Owners Accommodation with domestic kitchen.
  • Large enclosed family Beer Garden and Patron's Car Park with overflow section 50 cars.
  • Advised current average weekly turnover circa 6,000 (inc VAT) Trade split 45% wet, 55% food.
  • Partially tied renewable lease (20 years remaining).

Full description

Tenure: Leasehold

Ref 7449 LEASEHOLD



AN EXCELLENT OPPORTUNITY TO ACQUIRE THIS WELL ESTABLISHED AND THRIVING BUSINESS WITH COMFORTABLE LIVING ACCOMMODATION, ENVIABLE LIFESTYLE AND FURTHER GROWTH POTENTIAL.


LOCATION
This popular and well established inn and restaurant can be found in an enviable location close to the town centre of the busy and vibrant town of Thetford, Norfolk. Thetford is a large traditional and highly populated Norfolk market town with an abundance of shops, cafes, restaurants and many other local amenities such as schools, doctors, fitness and leisure centres and supermarkets etc. There are also many local businesses and several trading estates. The famous Thetford Forest and National Park, which is the largest lowland pine forest in Britain (47,000 acres) is to the north of the town, the very popular holiday complex of Centre Parcs is close by on the A134 towards Bury St. Edmunds and the historic cathedral city of Norwich is only 45 minutes away.

THE PROPERTY
Is an impressive two storey building of brick construction under a pitched tiled roof and is in excellent condition and well maintained throughout.
Lounge Bar (circa 30) is modern and open plan with a welcoming atmosphere, feature fireplace, polished wooden floor, fully equipped oak bar server with bottle fridges, t.bar fonts and full range of optics etc. Decorated and furnished to a very high standard with matching sofa chairs, posy table with high stools and also benefitting from a wheelchair ramp.

Restaurant (circa 50) is in two sections and very stylish, half carpeted and half tiled, feature wall shelf display, waitress station also decorated to a very high standard with good quality matching tables and chairs.

Function/Meeting Room (The Chameleon Room) (circa 30) is also to a very high standard with oak surround fireplace, fully carpeted and matching tables and chairs, ideal for more internet function or corporate use such as training days or meetings etc.

Catering Facilities There is a fully equipped catering kitchen with stainless steel surfaces, extractor system, stainless steel appliances including cooker, fat fryers, fridge (appliances not tested) etc. Separate dry store with fridge and freezer storage.

Cellar is at ground floor level all in good order and well maintained.

Ladies & Gents W/C
Located to the left of the bar and also to the rear of the restaurant including disabled, all in superb decorative order and well maintained.


Owner's Accommodation
Is located on the first floor and comprises of 3
double bedrooms, lounge, bathroom and domestic kitchen all in good order.

External
To the front of the property is a small forecourt and to the side and rear is an excellent enclosed patio area with a family beer garden incorporating a child's play area, also a large two section patrons car park for 50 cars.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Sun-Thur 08.00am to 11.30pm
Fri/Sat 08.00am to 00.30am
Current opening hours are:
Mon-Thur 11.00am to 11.00pm
Fri/Sat 11.00am to midnight
Sun 12 noon to 10.30pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 15 years remaining of the Enterprise Inns full repairing and insuring renewable agreement. We are advised that the Inn is free of tie for wines, spirits, soft drinks, alcopops and machines. We are informed that the rent is currently 28,000 per annum to be reviewed in 2019. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from mains services (no services seen or tested). Business rates payable are advised as currently being circa 9,600 per annum.

THE BUSINESS
Our vendor clients bought the business 5 years ago and in which time has built up an excellent and thriving trade from the local community for good quality home cooked food in a superb environment, also benefitting from a steady and loyal local wet trade. Due to the excellent location and eye catching appearance this business also enjoys a high level of passing trade and because of the outdoor facilities this inn is very popular with families especially at weekends during the Summer months.

The business is currently being run by a management team with both part-time and full time staff. Due to other business interests our vendor client has decided to assign the lease.

We are advised the current average weekly takings are circa 6,000 (inc. VAT). There is huge potential for new owners to build on this already well established and successful business by continuing with the food offering and to promote the function room and beer garden for more private functions and corporate events.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720.

Viewing appointments must be made by contacting Guy Simmonds.

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.



Energy Performance Certificates (EPCs)

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