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Restaurant for Sale

Norfolk

Leasehold : 499,950
Turnover : 9,058 p.w.

EXCEPTIONAL RESTAURANT/PUB - NORFOLK
Genuine reason for sale due to ill health
Advised annual turnover of 471,000
Stands alone in 2 acres grounds
Ideal partnership opportunity
Owners' accommodation
Recently refurbished
LEASEHOLD


Business History
Meridian Business Sales are privileged to offer to the market this fantastic restaurant and public house which has been established since the 17th century and has been in the careful hands of our client since 2013. Our client is reluctantly offering the business to the market due to ill health. Since our client took over the business they have invested time and money in the business and premises meaning it is in full walk in condition. The downstairs had been fully refurbished to a high specification. They have continually added new lines and income streams which have enhanced the business massively. Our client informs us that the annual income currently runs at 471,000 which is derived from offering an al la cart menu together with the traditional Sunday lunch and specials menu using fresh local produce from local suppliers. Additionally, there is a bar menu and a new terrace grill area for customers wishing to dine alfresco. The public house serves many types of ales including Greene King and Woodfords. There is scope to offer guest ales and the premises could be converted to a B and B or a hotel, STPP which may increase income. There is a marine shop on the grounds is currently rented but could be run by the new owner. The business is currently owner operated with 2 full time and 18 part time staff and our owner is happy to provide training during the transition period. Benefiting from a professional website this is a rare opportunity to purchase and exceptional business in a truly beautiful location and as such early viewing is strongly advised to appreciate the location and high level of refurbishment. Businesses of this calibre rarely stay on the market for long.

Trading Hours: Monday: 11:00am - 11:00pm
Tuesday: 11:00am - 11:00pm
Wednesday: 11:00am - 11:00pm
Thursday: 11:00am - 11:00pm
Friday: 11:00am - 11:00pm
Saturday: 11:00am - 11:00pm
Sunday: 12:00pm - 9:00pm

 
Accommodation: The 17th century distinctive building sits in 2 acres. A purpose built detached character property is fully fitted to suit trade

GROUND FLOOR PREMISES

L shaped bar area with seating and bar stools - fully equipped for trade

Dining room with oak beamed ceiling - ???? covers

Kitchen - fully equipped to suit business

Ladies WC
Gents WC
Disabled WC with baby changing facilities

FIRST FLOOR
Owners' accommodation - The owners' accommodation is accessible via the restaurant or via a private entrance outside the business premises and consists of 2 double bedrooms, lounge, bathroom and kitchen.

4 x double bedrooms

EXTERNAL

Private parking
Seating area with round tables - 24 covers

Grill terrace adjacent to restaurant, next to waterside with tables and benches - 32 covers

 
Tenure: We are advised leasehold
Original length: 14 years
Remaining: 10 years
Rent: 44,000 per annum
 
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