Bird Cage

23 Pottergate, Norwich, Norfolk, NR2 1DS

A FAMOUS LATE NIGHT, CITY CENTRE VENUE

The Bird Cage is a well-regarded, late night venue, located on the busy and popular Tomblands, in Norwich city centre. The site is 100% wet led and is famous locally as a late-night venue, with regular live acts. Currently, the site operates without a kitchen, but there is a shell of a kitchen which was last used some years ago, with investment this could be used to introduce a food offer. The pub is popular with Bohemians and students looking to socialise and enjoy live music. Due to the current trading restrictions caused by the pandemic, the new operator will need to use the opportunity to become an all-day venue and build upon the solid foundations of the business. The Bird Cage is well loved locally, and we expect interest to be high.

Location

Norwich is a city in Norfolk. Northeast of the centre, medieval Norwich Cathedral is a Romanesque building with ornate cloisters. Two imposing gates, St. Ethelbert’s and Erpingham, lead to the Tombland area, once a Saxon marketplace. Nearby, the Museum of Norwich at the Bridewell traces local history, including a re-created old pharmacy and exhibits on the textile industry. The Bird Cage is located on Pottergate, right in the heart of the Tombland area, which is surrounded by quirky narrow streets, various shops, bars and restaurants.

Business Information

Annual rent

£43,000

Weekly rent

£827

Entry costs

£25,625

Turnover royalty

n/a

Forecasted Operator Turnover

£372,159

Forecasted Operator Profit (inc machine profit)

£42,070

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £25,625.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £3,500 and the final valuation will be confirmed on change day. Please note the in going tenant will need to fund new F&F as the outgoing tenant has chosen to take the majority of F&F with them.

Deposit

£10,750

Fixtures & Fittings

£3,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£8,500

Other Costs

£1,150

Total Entry Costs

£25,625

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 158 435 1,031
2018/19 178 2,345 5,020
2017/18 177 2,124 4,050

As you walk in the front door you see the main bar and small bar area. This then leads through to a corridor with toilets off to the side and along to a lower level area. In the past this lower level would have been used as a dance floor/seating area with a stage and separate sound room.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

No

Trade Food Covers

0

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Mon-Thu: 11:00-00:00
Fri-Sat: 11:00-00:30
Sun: 11:00-23:00

The accommodation comprises one bedroom, kitchen, lounge, bathroom and office

Private Rooms

6

Lounge

Yes

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an experienced operator with knowledge of the local pub scene in central Norwich. The pub is currently a late night venue and during the pandemic trading has been tough. The new licensee will need to revolutionise the business and ensure it becomes an all day venue. If this sounds like the opportunity you have been waiting for, then please contact the recruitment team for further information

Sam Wortley,

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