Norfolk Terrier

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

INVESTMENT PLANNED IN 2021

The Norfolk Terrier has been closed for some time and we will be investing a significant sum of money into a refurbishment scheme, which transform it into a community pub offering family friendly dining and a fantastic drinking offer. The locals bar will be transformed into a light, bright games room with new timber flooring and high level fixed seating. It will provide traditional pub games such as darts and pool, have plenty of TVs on which to watch sport, and it will have direct access to an enclosed, external smoking area. The dining side of the pub will be accessed by an enhanced side entrance with a new internal lobby. On entering, the customer will be faced with a stunning new carvery and dispense bar within a large, airy space, broken up with decorative screens. A combination of fixed seating booths and loose furniture ensures the area will be suitable for families and groups of all sizes. The area will be stylishly decorated with new floor finishes and carpets, bright colours and wall murals featuring historic RAF Honington. Doors will open onto a new patio with a covered pergola, giving the opportunity to increase dining capacity into the evenings and throughout more of the year

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

£42,000

Weekly rent

£808

Entry costs

£35,875

Turnover royalty

n/a

Forecasted Operator Turnover

£470,549

Forecasted Operator Profit (inc machine profit)

£41,562

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 119 494 4,262
2018/19 168 1,250 1,248
2017/18 142 1,140 7,927

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

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

100

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

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

Yes

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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