Tenancy - Lord Nelson, Burnham Thorpe

4 days left

Location
PE31 8HL, King's Lynn
Salary
Business Opportunity
Posted
01 Jun 2017
Closes
01 Jul 2017

Tenancy - Lord Nelson

 

PUB OVERVIEW 

A pub of historical significance & inspiring location. This is a truly unique & spectacular pub set close to the scenic & idyllic North Norfolk coastline. With extensive refurbishment taking place at this pub there is plenty of scope to create good tourist and local trade utilising the four historic trade rooms and a function room to host private events.

BUSINESS INFORMATION

Entry cost from: £18,450.00

Annual rent: TBC Agreement

Tenancy – Standard Tenancy

Type of Tie: Tie by Negotiation

LOCATION

Burnham Thorpe is a small village and civil parish on the River Burn and near the coast of Norfolk, England. It is famous for being the birthplace of Vice Admiral Horatio Nelson, victor at the Battle of Trafalgar and one of Britain's greatest heroes. The area is a tourist destination with many visitors making the effort to visit the village, and the pub. There is no monument in the village to Nelson and the belief is that the village and the pub are the landmarks for this.

CURRENT PREMISES LICENCE OPENING HOURS

Monday - Sunday 11.00am - 12.30am About the business

TRADE SPACE

The premises has a ground floor cellar & kitchen both of which are being extensively refurbished. The bar will have a back bar dispense to enable quality products are dispensed consistently every time. The internal trading area is made up of four rooms, 'The Cellar' 'Nelson Bar' 'War Room' and the Victory Bar (Function room). There are two sets of trade toilets at either end of the premises. The renovation scheme will be sympathetic to the heritage of the property and all of its charming character will be retained. Externally there is a spacious trade garden and the new scheme will have provision for a patio to the front & rear of the premises.

 Bars 1

Car park spaces 14

Dining rooms 4

Food covers 100

Function rooms 1

Gardens 1

Trade kitchens 1

Patio areas 2

PRIVATE ACCOMMODATION

The accommodation will be refurbished as part of the redevelopment of the site, this will provide the new tenant with newly decorated accommodation facilities.

PRIVATE SPACE

Private Rooms 7 Lounge 1 Double bedrooms 1 Private Kitchen 1 Bathrooms 1 Toilets 1 Office 1

FINANCIAL INFORMATION

Entry costs approx £18,450 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, Schedule of Conditions, working capital and deposit (25% of head rent, minimum £6,000). The F&F requirement is to purchase new F&F to compliment the development scheme which will be valued.

RENT INFORMATION

Annual rent TBC per annum Weekly rent TBC per week fixed Notes TBC Brokers £675.00 Legal £825.00 Deposit £6,000.00 Stocktaking fees £150.00 Fixtures & fittings TBC Working capital £10,000.00 Other costs £800.00 Total entry cost £18,450.00

ESTIMATING TURNOVER

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. Calculators to help you are available on the business planning section of our website.

WHY CHOOSE US?

y choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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