132-134 North Station Road, Colchester, Essex, CO1 1UZ
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
|Car park spaces||6|
The private accommodation is in good condition
|Annual rent||£32,700 per annum|
|Weekly rent||£628.85 per week fixed|
£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.
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).
|Fixtures & fittings||£15,000||Working capital||£6,000|
|Other costs||£5,000||Total entry cost||£35,825|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
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.