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Attractive FREEHOLD LICENSED HOTEL, BAR plus CLUB

 
Business Summary:
Reference : H7679
Categories : Hotels and Motels
Bed & Breakfasts
Guest Houses
Holiday Flats-Apartments
Nightclub
Location : Norfolk
Turnover : £ 8,000 p.w.
Price : £ 1,250,000 (Freehold)

     

No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Location

Situated in a parade, excellent main road trading position, NORFOLK (Please register to make appointments and view addresses)

Features

Full On Licence

Ground Floor in the region of 2,000 sq. ft.

Attractive shop front with sash windows. Front Bar area with ceramic tiled floor. Tables, chairs plus bar stools providing seating for 32 persons. Bar with hand pumps, glass washer, sink, automatic coffee machine, 2 glass fronted double door counter fridges, optics etc.

Large rear section with wooden floor, fully air conditioned with chairs, settees, ceiling lighting. Bar with hand pumps, optics, glass washer, 2 double door glass fronted counter fridges.

The Ground Floor rear section with front section can accommodate up to 200 persons.

Level kitchen with non-slip floor. 6-burner gas cooker, deep fryer, microwave oven, stainless steel extractor unit, Fosters double door fridge, double sink and drainer etc.

Side Entrance plus internal access to large basement providing large Club area licensed for up to 200 persons.

The Club area operates from 10 p.m. - 2/3 a.m. Friday & Saturday evenings plus is sometimes used on additional evenings i.e. Wednesday & Thursday when required.

Ladies' cloakroom with tiled floor, 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with 2 w.c's, large urinal, 2 wash hand basins

Beer Cellar with ice maker, 2 deep freezes, spirit store
Staff cloakroom with w.c. and wash hand basin
Office

Front Entrance to letting accommodation -

First Floor
2 Twin Bedrooms each with en suite shower room with shower, w.c. and wash hand basin plus kitchenette area
1 Double Bedroom with en suite bathroom with bath, shower over bath, w.c. and wash hand basin

Second Floor (Side 1)
1 Double Bedroom plus kitchen area, en suite shower room with shower, w.c. and wash hand basin
1 Single Bedroom with en suite shower room with shower, w.c. and wash hand basin

Attic
Large Double Bedroom plus kitchen area, en suite shower room with shower, w.c. and wash hand basin

Second Floor (Side 2)
1 Twin Bedroom plus kitchenette, en suite shower room with shower, w.c. and wash hand basin
1 Single Bedroom with en suite shower room with shower, w.c. and wash hand basin

Attic
Large Double Bedroom with en suite shower room with shower, w.c. and wash hand basin

All the letting rooms are fully carpeted, fully furnished, have colour television plus tea/coffee making facilities. The letting accommodation is operated on a Bed & Breakfast basis only (Continental Breakfast).
Single Night Charge £32.50.
Twin/Double Night Charge £49.50
Full English Breakfast charged at £4.25 extra

Turnover

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further development in the right hands. We are further advised that the sales year ending 31st October, 2005 showed £427,199 with a gross profit of £321,316.

Staff

Staff employed in respect of the Hotel - 1 full time housekeeper. Bar - 1 full time manager, 1 full time assistant, 1 full time bar staff, 1 DJ promotion manager plus part time bar staff.
Staff employed in respect of the Club - Doormen as required
We understand the wage bill is in the region of £2,500 p.w. The present owner is only part time and in our opinion with an active husband and wife team, the wage bill could be reduced.

Opening Hours

Ground Floor Bar -
Monday - Thursday inclusive - 11.30 a.m. - 11 p.m.
Friday - 11.30 a.m. - 2 a.m.
Saturday - 11.30 a.m. - 3 a.m.

Tenure

Uniform Business Rates: £13,500 p.a. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUBSTANTIAL FREEHOLD PROPERTY COMBINED WITH LUCRATIVE CATERING BUSINESS, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

Price

OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS in excess of £1,250,000 plus STOCK AT VALUATION, subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Reference : H7679

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