Access To Free Of Tie Price List

Norfolk

132-134 North Station Road, Colchester, Essex, CO1 1UZ

Gallery

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Pub overview

A great opportunity for an operator to take on a sport led pub that offers entertainment regularly.

The Norfolk is a sport led pub that is known for its entertainment. It features a single bar, various seating areas for those wanting to dine and a separate room for entertainment featuring a pool table and darts. The pub has an outdoor beer garden perfect for all seasons due to having a sheltered area with heaters and two TV screens to enjoy sport. The pub regularly has quiz nights and live music making it the go to pub to be entertained. The pub also features four large TV's and a giant projector screen for the big matches so all can enjoy when visiting the pub.

It is located just next to Colchester's Railway station and is one of the first pubs to come across on route to the town centre. There is a direct bus route to and from the town centre going past the pub.

This site is fully tied but offers discounted prices for wines, spirits, minerals and packaged with also a discount band of blended £36 for our beer.

A one bar operation that was redecorated in January 2016

Trade space
Bars 1
Car park spaces 6
Dining rooms 1
Food covers 30
Gardens 1
Trade kitchens 1

The private accommodation is in good condition

Private space
Private Rooms 8
Lounge 1
Single Bedrooms 1
Double bedrooms 3
Private Kitchen 1
Bathrooms 1
Office 1

Rent information

Annual rent £32,700 per annum
Weekly rent £628.85 per week fixed
Notes

£32,700 per annum, £628.84 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit subject to credit check.
*Machine income free of tie*

Entry costs approximately £35,825 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).

Brokers £675 Legal £825
Deposit £8,175 Stocktaking fees £150
Fixtures & fittings £15,000 Working capital £6,000
Other costs £5,000 Total entry cost £35,825

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 164 545 2,308
2015/16 192 798 2,904
2014/15 232 1,134 3,494
Volume notes

Location

Colchester is some 50 miles northeast of London and is connected to the capital by the A12 road and its railway station which is on the Great Eastern Main Line. It is seen as a popular town for commuters, and is less than 30 miles away from Stansted Airport and 20 miles from the passenger ferry port of Harwich.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen

Current premises licence opening hours

Monday to Wednesday 10:00 to 00:30 Thursday to Saturday 10:00 to 01:00 Sunday 10:00 to 00:00

Contact Us

Phil Arnold

Partnership and Recruitment Manager

Call us today 01284 714 497

Apply online
“ A great opportunity to take on a pub that caters for all, whether its a drink, a bite to eat or a great sports experience with the added benefit of being close to Colchester train station! ”