Traditional Inn Located In The Cathedral City Of Norwich For Sale

Business description

A HIGHLY DESIRABLE TRADITIONAL INN AVAILABLE FOR THE 1ST TIME IN 8 YEARS LOCATED IN THE CATHEDRAL CITY OF NORWICH, NORFOLK




A substantial and impressive property situated in the sought after location of Norwich.
Traditional Lounge Bar (circa 50), Characterful Public Bar (circa 30+).
Impressive 3 bedroom owner's accommodation.
Equipped Commercial Catering Kitchen.
Long Lease - 22 years remaining on renewable Enterprise Inns lease.
Current sales circa £240,000 (incl.).
100% wet sales. Undoubted food potential with an equipped Trade Kitchen.
Currently run under management.


AN UNMISSABLE OPPORTUNITY TO ACQUIRE THIS 1ST CLASS WELL ESTABLISHED BUSINESS AND HOME WITH A SOLID TRADING FOUNDATION AND MASSIVE POTENTIAL.


ASKING PRICE £85,000 LEASEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL EXCLUDING S.A.V.


LOCATION
This delightful traditional and highly desirable inn is situated in the sought after Cathedral City of Norwich and is a well used and popular venue for local and commercial trade emanating from the surrounding and affluent catchment areas. This charming and characterful inn can be easily reached from the A11 towards Norwich. Located approximately 1 mile west from the centre of Norwich; this well established inn is ideally situated to catch an abundance of trade not just from the local and surrounding towns and villages but also receives an excellent level of passing trade from visitors and tourists coming from afar to this particularly popular region. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This lovely inn is an attractive and impressive property situated in a prominent main road position. This substantial and traditional inn is a 2-storey detached property of brick construction under a pitched, tiled roof.



The main entrance at the front leads into the lobby with access into the Public Bar.

Public Bar (circa 30+) is a good sized atmospheric and traditional room having a central brick built return bar servery with a mirrored back fitting having a full range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables and upholstered stools. This characterful public bar is a warm and inviting room with a superb ambience which is enhanced by the lovely feature brick built inglenook fireplace with an inset log burner and the exposed beamed ceiling. There is also a pool table with lighting over, and AWP and a games machine. Access to the W.C's and Lounge Bar.

Lounge Bar (circa 50) is a good sized traditional and characterful room having a feature brick built return bar servery with a mirrored back fitting having a range of trade optics and refrigerated bottle coolers (not tested) which is complimented by the fixed upholstered perimeter seating with loose polished tables, upholstered chairs and upholstered stools, Adding to the warm and inviting atmosphere of this room is the exposed beamed ceiling. There is also a TV and access to the W.C's.

Ladies and Gents W.C's x 2 sets.

Ground Floor Office.

Lower Ground Floor Cellar with dray drop, pythons x2, pumps, racks and cooler.

Catering facilities include an equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested).



OWNER'S ACCOMMODATION

Situated on the first floor and briefly comprises: 3 good sized bedrooms (2 of which are currently used for letting purposes), lounge, kitchenette and 2 bathrooms.

EXTERNAL

Patron’s parking facilities for circa 8/10 cars. At the front there is a covered paved patio area with tables and chairs.

TRADING AND LICENSING

We are advised that the inn trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sunday - Midday - 11.00pm

Monday - Thursday - 11.00am - 11.00pm

Friday and Saturday - 11.00am - 11.30pm

The current trading hours are as follows:

Monday - Saturday - 11.30am - 11.00pm

Sunday - 11.30am - 10.30pm

NB Important: Prospective purchasers should ensure that they gain the NCPLH Qualification in readiness for their intendedoperation of licensed premises. Guy Simmonds hold this 1 Day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site

GENERAL REMARKS

We are advised that the inn benefits from all main services and uses gas central heating (no services seen or tested).

The business is offered for sale as a lease assignment with approximately 22 years remaining of the original Enterprise Inns full repairing and insuring, renewable agreement. 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 and Tenant Act 1954. Business rates payable are to be advised. Rent is currently £32,000 per annum reviewed in 2009.

THE BUSINESS

Our vendor client, in situ for the past 8 years has successfully operated this delightful traditional inn on a part time 'hands-off' basis with the assistance of 1 full time ‘live-in’ manager and 6 part time members of staff. After many years in the trade our vendor client; due to ill health has decided to retire to take life at a more leisurely pace; hence the instructions to sell this excellent business. This delightful inn is a successful and profitable business and already having a solid trading foundation still offers new enthusiastic owner operators immense potential to increase the sales by simply introducing food, taking the business to the 'next level'. Trade is derived from 100% wet sales. Current sales are circa £240,000 (incl.). Our vendor client has established an excellent reputation which can be fully emulated by an enthusiastic 'hands-on' entrepreneurial partnership.

The asking price reflects the location and quality of fixtures and fittings.

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

Property information

Property:

Leasehold