Norfolk Terrier
2 Anna Gurney Close, Thetford, Norfolk, IP24 1TA
HIVE PUBS OFFERS A GREAT OPPORTUNITY IN THETFORD.
The Norfolk Terrier is a great, established community local, which is part of our Hive Pubs estate. Taking on a Hive Pub as a franchisee is a low cost way of running your own pub business. They come ready to trade with a great-value, good quality food offer and excellent drinks range, so you can focus on running a great business and providing excellent service. Hive Pubs are a buzz of activity, where something is always happening from live sport and quizzes to music gigs. If you have pub management experience and are looking to take the next step and run your own pub business, we want to hear from you!
Dining areas
Garden
Kitchen
Patio
Location
Thetford is a market town and civil parish in the Breckland district of Norfolk. It is on the A11 road between Norwich and London, just east of Thetford Forest. After World War II, Thetford became an "overspill town", taking people from London, as a result of which its population increased substantially. Thetford railway station is served by the Breckland line and is one of the best surviving pieces of 19th century railway architecture in East Anglia.
Business Information
Annual rent
n/a
Weekly rent
n/a
Entry costs
£8,000
Turnover royalty
n/a
Forecasted Operator Turnover
£470,549
Forecasted Operator Profit (inc machine profit)
£40,000
Agreement
Hive Pub Franchise Agreements are an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £5,000 entry fee and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. You can expect to earn a guaranteed minimum income of £20,000 which is paid weekly (£385 per week). In addition, you'll be paid a percentage of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses are available based on business performance and standards audits. Private accommodation is provided where available.
Entry cost of £5000 is payable on change day. This includes legal fees and start up training costs. An extra £3000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.
Deposit
N/A
Fixtures & Fittings
N/A
Legal Admin Fee
N/A
Broker Fee
N/A
Stocktaking Fee
N/A
Working Capital
£3,000
Other Costs
£5,000
Total Entry Costs
£8,000
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic** The pub has been open and trading since April 2022 following a lengthy period of closure.
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 151 | 1,839 | 7,812 |
| 2022 | 153 | 2,203 | 7,388 |
| 2021 | 0 | 0 | 0 |
The pub has two separate trade areas. One area is focused on sport and drinking, whilst the other is focused on dining. The refurbishment will totally transform both areas. Externally there is a small shared car park and garden area.
Trade Bars
2
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
100
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
10
Current Premises Licence Opening Hours
Sun-Wed: 09:00-23:30
Thu-Sat: 09:00-00:30
The accommodation is in good condition and comprises two bedrooms, lounge, kitchen, bathroom and office.
Private Rooms
7
Lounge
1
Dining Rooms
0
Double Bedrooms
1
Single Bedrooms
1
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
I am seeking an experienced couple or individual with pub management experience who can meet our applicant profile and effectively deliver the Hive Pubs offer within our franchise agreement. The Pub Franchise Agreement allows those with the relevant experience to launch their own business, with low ingoing costs. If you feel this may suit you, then please contact the recruitment team for further information
Becky Holt,
Apply for this property
The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.