Bird Cage

23 Pottergate, Norwich, Norfolk, NR2 1DS

EXCITING REFURBISHMENT PLANNED

The Bird Cage, to be renamed the Drawing Rooms is a well-regarded, late night venue located on the busy and popular Tomblands, in Norwich city centre. We are planning a significant investment to refurbish the pub. Please see our attached plans Traditionally, this site is 100% wet led and is famous locally as a late-night venue with regular live acts. The pub has been popular with Bohemians and students looking to socialise and enjoy live music. The investment will offer the new operator a chance to take a popular city centre venue and make their own mark on the local scene.

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

£42,000

Weekly rent

£808

Entry costs

£46,375

Turnover royalty

n/a

Forecasted Operator Turnover

£433,031

Forecasted Operator Profit (inc machine profit)

£41,938

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£72

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry cost is approximately £46,375.00 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £80,000.00 An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£10,500

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£13,000

Other Costs

£1,150

Total Entry Costs

£46,375

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 2020 & 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2021 0 0 0
2020 25 0 253
2019 183 1,116 2,315

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

1

Trade Dining Areas

0

Trade Kitchens

0

Trade Food Covers

0

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

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

The accommodation will be modified during the refurbishment to create 2 self contained 1 bedroom flats

Private Rooms

0

Lounge

0

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

0

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

Lee Jarvis, Business Development Manager

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