Deers Leap

361 Wootton Road, Gaywood, Kings Lynn, Norfolk, PE30 3AZ

REFURBISHMENT PLANNED IN 2021

The Deers Leap is a unique opportunity to work alongside Greene King to revive this once popular Pub. The Deer's Leap will be a community pub offering family friendly dining and a fantastic drinking offer. The locals bar will be transformed into a light, bright space with a brand-new bar servery and back fitting, and will provide traditional pub games such as darts, pool and shuffle board. As a drinking space there will be high level seating with lots of drink shelves and of course, it wouldn't be complete without lots of TVs to show those sporting fixtures. The front elevation of the pub will be enhanced with a new porch, signage and lighting. On entering the main pub, you will be drawn through to a welcoming lounge area with comfy seating and cosy fireplace. To the side will be a large, raised dining area with decorative screens breaking up the space and offering privacy from fellow diners, a combination of fixed seating and loose furniture ensures the area will be suitable for families and groups of all sizes. The area will be stylishly decorated with new carpets, bright colours and feature walls. New bi-fold doors will open the whole space up, leading out into a stunning new garden which will feature a new patio with raised planters and fixed seating benches under a covered pergola lit with festoon lighting. Furthermore, there will be five new colourful beach hut style dining pods seating combinations of 6 - 10 persons each with heat and light, ensuring the garden areas can be used throughout the year". There is a massive opportunity here, to revive the business and engage with the local community. This pub used to be extremely popular in the local area and we believe this refurbishment will take the Deers Leap to new heights.

Location

The Deers Leap is situated on the busy Wootton Road, in the civil parish of Gaywood, Kings Lynn. This is a prime location for a pub with the vast amount of traffic passing each hour and is surrounded by residential housing. Kings Lynn is a large, busy Town, hosting national retailers and is the primary retail centre in West Norfolk. It has excellent transport links to the busy A10 & A47 roads, as well as being a short drive from the beautiful North Norfolk coastline.

Business Information

Annual rent

£52,000

Weekly rent

£1,000

Entry costs

£29,375

Turnover royalty

n/a

Forecasted Operator Turnover

£591,941

Forecasted Operator Profit (inc machine profit)

£51,554

Forecasted Operator Machine Profit

£13,000

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 £29,375.00 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 £50,000. 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

£13,000

Fixtures & Fittings

£12,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£1,000

Other Costs

£1,150

Total Entry Costs

£29,375

Please note this site has been closed since early 2020 and has not traded. 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 20 0 1,042
2018/19 104 0 1,406
2017/18 128 0 4,606

The refurbishment will mean the trading space is split into two areas, for casual drinking and watching sport, the other dedicated to dining. To the side of the building will be a COVID compliant covered pagaoalia that will lead to outdoor seating and covered benches for al fresco drinking and dining. The site is expected to offer a minimum of sixty food covers. There is a fair size customer car park offering parking for approximately twenty-five vehicles.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

60

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

25

Current Premises License Opening Hours

Sun - Thu: 10:00 - 00:30
Fri - Sat: 10:00 - 01:30

There is a large flat above the trading area, comprising four double bedrooms, bathroom and separate toilet, good size kitchen and lounge area. The accommodation is in good condition and has been redecorated

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am searching for an enthusiastic operator who can engage with the local community and bring the Deers Leap back to life. The Pub is surrounded by residential housing and close to a main road, so the opportunity here is massive. If you have the skills required to grow a successful Pub business in this area, please contact the recruitment team for further information.

Sam Wortley,

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