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£139,950
3 bed Not Specified
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Price:
£139,950 Get Prequalified Today
Contact:
01302 849101
BR/BA:
3 BR
Location:
Norwich, Norfolk
Description:
Long established Country Public House with Restaurant, located in North Norfolk location, turnover in excess of 300,000 pa, good quality 3 bedroom owners accommodation, function room, beer garden and large car park. VIEWING HIGHLY RECOMMENDED.
DETAILS
LOCATION
This business is located in the North Norfolk village of Roughton. It has been well established in this area for many years. Roughton is situated approximately 20 miles north of the city of Norwich and 3 miles south of the Norfolk holiday resort of Cromer, on the main A140 trunk road. This area is a very busy tourist destination and the business benefits from a high volume of passing trade. The city of Norwich is close by and offers an outstanding range of entertainments, amenities and shopping facilities. The town of Cromer is a well known North Norfolk holiday destination. The premises is situated on a very busy road and in our opinion this location offers an outstanding business opportunity.
BUSINESS PREMISES
The business premises consists of a large car park leading to an entrance area with tiled flooring, customer toilets including disabled facilities, with a door way leading to the main lounge bar. The lounge bar measures approx 8.41m x 5.48m (max), it offers a fire place, L-Shaped bar with seating for approximately 25. The bar is well stocked with an excellent range of wines, beers and spirits. Other facilities in the bar include cigarette machine, digital jukebox, dart board, two fruit machines and a further gaming machine. To the right hand side of the premises there is a restaurant measuring 8.49m x 6.5m reducing to 4.78m. The restaurant has seating for approximately 50 and has a small corner bar which joins the main lounge bar. There are windows to front and side aspects with additional entrance/exit door for the convenience of customers. The restaurant as with the premises is gas central heated and offers an additional fireplace. To the rear of the premises there is a barn style function room measuring 9.17m x 4.51m. This has recently been refurbished and offers seating for approximately 40-45. It offers period features such as exposed beams and brick walls. French doors leading to the beer garden which includes a decked ramp for the convenience for disabled customers. The kitchen with preparation room measuring 8m reducing to 3.94m x 3.91m. There is a full range of cooking facilities including a commercial gas cooker, range of worktops, fridge, freezers, and a single stainless steel sink, and various other items and equipment that one would expect from an operational kitchen. To the outside of the premises there is a large storage building currently used for storage inperticuler cold and freezer storage.
BUSINESS
The business trades as a traditional country public house and restaurant. We are informed that the business has been in existence for many decades and the existing owners have been in situ for approximately 9 years. It offers a turnover in excess of 300,000 pa with a gross profit of approximately 60-65%. The business has an excellent range of wines, beers and spirits. As well as a traditional menu including Sunday lunches and light snacks. A particular speciality is an excellent oriental menu with all food freshly prepared. We are informed that there is an excellent trade 12 months of the year however peeking during the tourist season and various other occasions during the year. The present owners have recently refurbished the function room however due to a change in circumstances have not commenced marketing the potential for this facility. This facility is ideal for weddings, birthday parties and other special occasions such as anniversaries etc. It is our opinion that this business is ready to be taken to the next level by open minded hard working new owners who will benefit from the recent redevelopment of the premises. Additional information that applicants may find useful is that wet sales has a gross profit of approximately 58% with food sales a approximate gross profit of approximately 71%. Further financial information will be provided to serious applicants after viewing the premises.
PRIVATE ACCOMMODATION
The premises offers excellent first floor 3 bedroom private accommodation which is currently used by the existing vendors.
STAFF
We are informed that the business operates with the assistance of the owner and four full time staff members and other part time staff as and when required.
RENT
We are informed that the current rent has been set at 61,000 pa with 3 year rent reviews.
RATES
Potential purchasers should confirm the exact rateable value and charges prior to exchange of contracts.
LEASE
We are informed that the existing lease is due to expire in 2025 and the lease is being offered for assignment with the permission of Punch Taverns.
Property Type:
Single-Family Houses
Amenities:
Fireplace, Refrigerator, Storage
For sale by:
Agent/Broker
Phone:
01302 849101
Posted:
Contact:
01302 849101
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3 bed Not Specified is a Three Bedroom Houses for Sale in Norwich NFK. Find other listings like 3 bed Not Specified by searching Oodle Marketplace for Three Bedroom Houses for Sale in Norwich NFK.