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
Dining areas
Garden
Kitchen
Patio
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
£35,000
Weekly rent
£673
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. The annual rent shown (£35,000 per annum) takes into consideration a machines supply concession. The annual rent will be £42,000 if you prefer not to have Greene King supply machines to you. The rent is subject to annual RPI increase, which is capped. Payment terms are weekly by direct debit.
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
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
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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