PUB, RESTAURANT & TAKEAWAY | NORWICH, NORFOLK

A well-established Thai pub and restaurant occupying a characterful multi-level premises with owner’s accommodation above. Trading in it’s current form since 2008, although the premises have operated as a pub for many years previous to that, the business combines a traditional pub environment with an established Thai food offering, attracting both local customers and visitors to the area.

The business benefits from a balanced mix of food and drink income, with approximately equal turnover generated from each side of the operation. Included in the CAMRA Good Beer Guide for many years and featured in The Times, the business has built a strong reputation for both its beer selection and food offering. The operation also benefits from additional takeaway trade through Just Eat and Deliveroo.


BUSINESS:

The business operates as a traditional pub with a dedicated Thai restaurant and kitchen on the upper floors. The ground floor pub provides around 20 covers and features a traditionally styled bar with nine pumps serving a mix of real ales and lager. The first floor restaurant provides seating for approximately 14 covers alongside a well equipped commercial kitchen fitted with a gas wok range, extraction system, fryers, refrigeration and stainless steel preparation areas.

The business is currently operated by the owner with the support of approximately 9 part-time staff, many working around 20 hours per week. The owner shares cooking duties with a chef, with additional support from part-time employees. The premises are licensed seven days a week and currently trade Monday to Saturday, with occasional Sunday openings during events.

The business benefits from a free house status with no brewery ties, allowing flexibility over product range and suppliers. Additional income is generated through takeaway and delivery services. The owner is now looking to sell the business in order to spend more time with family in Thailand.


PREMISES:

The business occupies a multi-level premises with glazed frontage onto a side street within ‘The Lanes’ area in the heart of the city centre. The ground floor pub area measures approximately 5.42m x 5.64m and provides around 20 covers with a mix of tables and seating. Features include original wood flooring, a traditional bar area with optics, drinks fridges and shelving, CCTV, storage cupboard, cellar access and side access door. A pavement licence provides an additional 8–10 external covers.

The dry cellar offers substantial storage space for kegs and supplies, together with one fridge and two freezers. The first floor restaurant measures approximately 5.43m x 3.42m and provides seating for 14 covers. Also on the first floor is the commercial kitchen and separate ladies’ and gents’ customer WCs.

The property is held on a lease expiring in 2028 at a current rent of £27,000 per annum plus VAT however the landlord has indicated their willingness to agree a new lease with a buyer. The business currently benefits from Small Business Rates Relief resulting in nil business rates payable.


ACCOMMODATION:

Included within the premises is owner’s accommodation located on the second floor. The accommodation comprises two bedrooms, a living room and a bathroom fitted with bath and shower over. Additional features include a landing hallway with storage cupboard, boiler and gas central heating.

The flat is integrated within the property and does not have separate access from the business premises. We understand that there may be the opportunity to change the use of the accommodation should a new owner so wish subject to any consent that may be required.


KEY INFORMATION:

AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

REFERENCE NUMBER: R37127E.

OPENING HOURS: Monday to Saturday, 11:00am to 10:00pm. Closed Sunday.

TENURE: Leasehold - 20 year lease which began 17.09.2008, expiring in 2028.

The landlord has indicated that they would be willing to grant a new lease on terms to be agreed with the purchaser. The purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or the grant of a new lease.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of, or the grant of a new lease.

RENT PAYABLE: £27,000 per annum plus VAT.

RATES PAYABLE: Nil. We are advised that the business benefits from Small Business Rate Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

STAFF: 9 staff currently working circa 20 hours each. Correct at the time of listing.

EPC: The Energy Performance Certificate shows a rating of ‘C/60’, full document available on request.

PRICE: £125,000 PLUS STOCK AT VALUATION.

VIEWING: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

FINANCE: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

BUSINESS TO SELL: Thinking of selling your business? That’s our specialty. If you’re curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

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DISCLAIMER:

1. MONEY LAUNDERING REGULATIONS: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

2. PARTICULARS: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

3. MEASUREMENTS: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

4. SERVICES: Please note we have not tested the services or any of the equipment or appliances.