Robert Kett

Lime Tree Avenue, Wymondham, Norfolk, NR18 0HH

A popular Pub, right at the heart of the local community

The Robert Kett is a well known local pub which offers great facilities for families of all ages. The Pub is well known in the local community as the place to go, for value driven meals out. The Pub is a single bar operation, split into two distinct areas. The main area has approximately 100 covers and the right hand side is dedicated to live sport and drinking. The commercial Kitchen is well equipped and well set to provide the type of food offer already in place. Success will be measured in this site, by really engaging with the local community and really maximising the wet trade and food offer.

Location

Business Information

Annual rent

£44,000

Weekly rent

£846

Entry costs

£40,225

Turnover royalty

n/a

Forecasted Operator Turnover

£458,757

Forecasted Operator Profit (inc machine profit)

£43,982

Forecasted Operator Machine Profit

£15,000

Average Beer & Cider Discount*

£108

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £40,225.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £17,500 and the final valuation will be confirmed on change day. 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

£11,000

Fixtures & Fittings

£17,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£5,000

Total Entry Costs

£40,225

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)
2018/19 187 2,543 6,180
2017/18 232 2,528 9,122
2016/17 238 2,277 9,871

As you enter the site, there is a large open plan trade area with a central bar. The main area is laid as dining with the right being allocated to sports and drinking. There is a rear exit that is disabled friendly and a separate disabled toilet. To the front of the site, there is a courtyard garden and approximately six parking spaces

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

Yes

Trade Food Covers

100

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

6

Current Premises License Opening Hours

Mon - Sun: 11:00am - 00:00am

Large owners accomodation consisting of 3 double bedrooms, kitchen, lounge, bathroom, office space. In good decorative order.

Private Rooms

8

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an experienced, community focused operator with experience of delivering a value driven food offer. The Robert Kett is a popular estate Pub, which serves the local community. Great hospitality skills are a must here, as the Pub attracts all walks of life. If you feel you are the operator we are looking for, please do contact the recruitment team

Sam Wortley,

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