Bull

25 High Street, Dereham, Norfolk, NR19 1DZ

Gallery

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Pub overview

The Bull is a charming high street pub in the market town of Dereham, Norfolk. Occupying a prominent position upon a one way system in the town centre, its excellent location facilitates a large amount of passing trade throughout the day and evenings from locals and visitors. The rare opportunity now exists for a new operator to build on the already successful trade this site enjoys.

Transferring from our retail estate, the Bull is in a great condition after undergoing extensive refurbishment a few years ago including featured wallpaper and area zoning to create a snug community feel. The pub now offers 3 segregated trade areas including an L shaped bar, outside pool table and courtyard beer garden. Plans are in motion to invest and improve on the courtyard areas in order to generate further business. The car park holds circa 10 cars and is a valuable asset in this town centre venue.

The trade areas are open plan, but have strategic curves and walls to formulate cosy snug areas. There is a large L shaped bar which takes centre stage and an outdoor courtyard garden.

Trade space
Bars 1
Car park spaces 10
Dining rooms 3
Food covers60
Gardens 1
Trade kitchens 1
Patio areas 1

Large 3 bedroom private owners accommodation.

Private space
Private Rooms8
Lounge1
Single Bedrooms1
Double bedrooms2
Private Kitchen1
Bathrooms1
Toilets1
Office1

Rent information

Annual rent£35,000 per annum plus 7.0% Turnover Royalty
Notes

£35,000 per annum, £673.08 per week paid weekly by direct debit. All terms negotiated on agreement.

Entry costs approximately £17,650.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note F&F is currently still to be valued, assisted purchasing may be available*

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£0Working capital£7,000
Other costs£3,000Total entry cost£17,650

Agreement description

Our Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.
• A 5 year, fixed term agreement, contracted out of the Landlord and Tenant Act 1954.
• Basic rent plus a Turnover Royalty percentage.
• Basic rent subject to capped annual changes in the Retail Price Index (RPI) only with no rent reviews.
• Flexible tie variations available.
• Discounted price list unique to the Turnover Agreement.
• Greene King is responsible for the structure of the building.
• Ability to end agreement with 6 months’ notice and payment of a Standard Notice Fee (3 months’ basic rent). Notice can be served
at any time.

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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/1822864
2016/1722964
2015/1621962
Volume notesPlease note, value for wines & spirits includes minerals. Breakdown TBC.

Location

Dereham, also known as East Dereham, is a town and civil parish in the English county of Norfolk. Dereham is a short 40 minute drive to the North Norfolk coastal areas and 20 minutes to the nearest city of Norwich. Dereham is at the heart of Norfolk and should be distinguished from the small village of West Dereham which is 25 miles away with a small population of 500.

An important annual event is the Dereham Carnival, involving parades, arena displays, food and drink and lots of community spirit. Dereham also has a Hollywood Cinema located in the Market Place, originally a grain market and converted to a cinema in 1924. Another historic site in the village is St Nicholas Church and bell tower which dates back to the 12th century.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Thursday 09:00hrs - 23:30hrs Friday to Saturday 09:00hrs - 00:30hrs Sunday 09:00hrs - 23:30hrs

Contact Us

Lee Jarvis

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Bull is a charming local pub situated in the heart of this small Norfolk village. This is the perfect opportunity for somebody willing to get involved with the local community spirit and build on the already strong trade. ”