8096L

• Excellent location on the main holiday route to the popular Norfolk coast.
• Traditional public Bar (circa 20).
• Separate Restaurant (circa 40) with a welcoming atmosphere.
• Barn conversion Function Room (circa 60) with exposed brickwork.
• Substantial 3 Bedroom Owners’ Accommodation.
• Fully equipped Commercial Kitchen.
• Excellent outdoor facilities including enclosed Garden, raised Decking Area and Patrons’ Car Park.
• Advised turnover circa £274,645 (incl. VAT) for year ending April 2022.
• Trade split 40% wet, 60% food.
• Renewable Fully Tied Lease.

Location

This well appointed and eye catching business is in a sought after location on the main tourist and holiday makers route to the North Norfolk Coast and can be found on the A140 3.5 miles South of Cromer in the affluent rural Norfolk village of Roughton. Roughton has a population of approximately 550 people and is known for its connection to Albert Einstein who sought refuge here in 1933 after fleeing Germany. There are a few local facilities such as a garage, fish and chip shop, primary school and St. Mary’s Church. The busy and vibrant coastal holiday town of Cromer (famous for its crabs) with its many shops, cafes and leisure facilities also schools, doctors etc. is only 3.5 miles away and the market towns of North Walsham and Aylsham are also in close proximity.

THE PROPERTY

Is an impressive two storey building of brick and flint construction under a pitched tile roof occupying a prominent main road position.

THE BAR (circa 20) is of a traditional style and has a welcoming atmosphere with a large bay window,wood effect flooring, air conditioning, feature brick fireplace, projector and screen. A fully equipped oak panelled bar servery and is furnished with wooden tables and matching chairs and stools.

RESTAURANT (circa 40) which is separate to the bar and in two sections, fully carpeted with a Victorian feature fireplace, oak panelled bar servery, waitress station, air conditioning and is furnished with matching wooden tables and chairs.

FUNCTION ROOM (circa 60) this barn conversion is full of rustic charm with exposed beams and brickwork, fully carpeted with air conditioning and sound system and is an ideal venue for wedding receptions and parties etc.

LADIES & GENTS W/C all in good decorative order.

CELLAR located at ground level is in good order and well maintained including a spate spirit store.

Catering Facilities there is a fully equipped Commercial Kitchen with stainless steel surfaces, extractor system, 6 ring falcon cooker, twin falcon fat fryer, falcon grill, stainless steel fridge and freezer storage, 5 burner oriental wok station and microwave etc., separate washing up area and dry store, also there is a walk in fridge and freezer in one of the outbuildings (appliances not tested).

OWNERS ACCOMMODATION

(Not Seen) located on the first floor and comprises of 2 double bedrooms (one en-suite), single bedroom, lounge, bathroom and storage/office area.

EXTERNAL

There is a superb enclosed family Garden with an array of trees, plants and shrubs laid to grass with picnic benches and has been well maintained, raised covered decking area with hanging lights and metal garden furniture. Large Patrons’ Car Park with smoking shelter, private yard with outbuilding housing fridge and freezer storage (not tested) and utility facilities and also a small overflow Car Park.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Sun- Thurs 12noon to 12midnight

Fri-Sat 12noon to 02.00am

Current opening hours are:

Tues – Sun 12.00 noon to 12.00 midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 3.5 years remaining of the Punch Taverns full repairing and insuring, renewable agreement. We are advised that the inn is fully tied. We are informed that the business rent is £32,264 and the domestic rent is £3,548 per annum to be reviewed in June 2025. We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954.

We are advised that the inn benefits from mains services with LPG calor gas for cooking and heating (no services seen or tested). Business rates payable are advised as currently being circa £7,440 per annum.

THE BUSINESS

The current owner purchased the business 24 years ago and have established a loyal and regular wet trade from the local community and surrounding area, and enjoys a well-established food trade offering authentic oriental cuisine and traditional English fare and is recognised as a quality destination dining venue.

Our vendor clients have also taken full advantage of the excellent location being on the main route for holiday makers and tourists to the very popular North Norfolk Coast and surrounding area bringing a high level of passing trade especially during the summer months. The business is currently being run by the owners full time, 2 full time and 1 part time staff Our vendor clients have now decided they wish to retire.

We are advised that accounts declare takings of circa £274,654 inclusive of VAT for year ending April 2022.

There is good growth potential for new owners to build on this already successful business by utilising the outdoor facilities for festivals and family events and by promoting the function room for wedding receptions and private parties etc and also by re-introducing the takeaway offer.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Geoff Bryan who would be delighted to discuss further details and can be contacted on 07887 571720.

Viewing appointments must be made by contacting Guy Simmonds at sales@guysimmonds.co.uk.

Details Revised-04 November 2022