Norfolk Terrier

2 Anna Gurney Close, Thetford, Norfolk, IP24 1TA

INVESTMENT PLANNED IN 2021

The Norfolk Terrier will benefit from an extensive refurbishment which will transform it into a community pub offering family friendly dining and a great drinking offer. The locals bar will transform into a light, bright space making it a great venue for watching sport on TV and playing traditional pub games. The dining side of the pub will benefit from a stunning new carvery and dispense area in a large airy space. There will be both fixed seating booths and loose furniture which will be suitable for families and groups of all sizes. Externally there will be a lovely covered pergola, offering al fresco dining throughout the day and into the evening

Location

Thetford is a market town and civil parish in the Breckland district of Norfolk. It is on the A11 road between Norwich and London, just east of Thetford Forest. After World War II, Thetford became an "overspill town", taking people from London, as a result of which its population increased substantially. Thetford railway station is served by the Breckland line and is one of the best surviving pieces of 19th century railway architecture in East Anglia.

Business Information

Annual rent

£34,000

Weekly rent

£654

Entry costs

£35,875

Turnover royalty

n/a

Forecasted Operator Turnover

£470,549

Forecasted Operator Profit (inc machine profit)

£33,066

Forecasted Operator Machine Profit

£14,000

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 £35,875.00 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

£10,500

Fixtures & Fittings

£12,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£35,875

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

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 17 0 549
2019 159 841 5,808
2018 153 1,229 9,002

The pub has two separate trade areas. One area is focused on sport and drinking, whilst the other is focused on dining. The refurbishment will totally transform both areas. Externally there is a small shared car park and garden area.

Trade Bars

2

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

100

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

10

Current Premises License Opening Hours

Sun-Wed: 09:00-23:30
Thu-Sat: 09:00-00:30

The accommodation is in good condition and comprises two bedrooms, lounge, kitchen, bathroom and office.

Private Rooms

7

Lounge

1

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking someone with passion for hospitality who wants to make a difference in their local community. The planned investment scheme will revive the pub and focus on a sport, drink and carvery offer. The new operator will be able to use their skills to entice new guests and give them a great experience to keep them coming back. If you are interested in this pub, then please contact the recruitment team for further information.

Sam Wortley,

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