tenancy
1 Crostwick Lane, Spixworth, Norwich, Norfolk NR10 3PE, UK
Approx. Total Ingoings
£14,750Annual Rent
£31,000The Longe Arms is a fantastic community pub located in the large village of Spixworth. The pub which is approximately six miles north of Norwich is surrounded by residential housing and over the years has built brilliant relationships with the local people. Located on a prominent T junction and with local amenities nearby the pub also profits from destination traffic with the food offerings a favourite. The premises are light and airy with an open plan layout with three separated areas for drinking, dining and pub games. To the left of the pub leads out to an extensive beer garden and partially covered patio. This area of the business has heaps of potential and the new publican should look to develop this to encourage revenue from events and entertainment. The publican will need first class customer service and a vision to bring new concepts for the pub to encourage trade and revenue. This community hub already has a reputation for great pub food, this needs to be continued and evolved by the publican to allow the pubs growing success and future.
Private Accommodation: The private accommodation is well presented and comprises two double bedrooms, a lounge, bathroom and kitchen.
Indoor trading area
The Longe Arms is a fantastic community pub located in the large village of Spixworth. The pub which is approximately six miles north of Norwich is surrounded by residential housing and over the years has built brilliant relationships with the local people. Located on a prominent T junction and with local amenities nearby the pub also profits from destination traffic with the food offerings a favourite. The premises are light and airy with an open plan layout with three separated areas for drinking, dining and pub games. To the left of the pub leads out to an extensive beer garden and partially covered patio. This area of the business has heaps of potential and the new publican should look to develop this to encourage revenue from events and entertainment. The publican will need first class customer service and a vision to bring new concepts for the pub to encourage trade and revenue. This community hub already has a reputation for great pub food, this needs to be continued and evolved by the publican to allow the pubs growing success and future.
Outdoor trading area
This traditional community pub offers a beautifully presented central bar which serves the spacious open plan trading area. To one side is the pool table, dart board and games machine, and to the other is the cosy lounge room. It is part tiled and carpeted throughout, the seating provides easy access to the large enclosed, family-friendly rear garden. It is decorated to a modern standard with a traditional touch; the long-panelled windows create a bright and airy ambience. In addition, the trade kitchen has been extensively improved and is now suitable to cater for a range of dishes. There is space within the trading areas to accommodate up to 30 covers.
Regional Manager Comments
The private accommodation is well presented and comprises two double bedrooms, a lounge, bathroom and kitchen.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£14,750
Annual Rent
£31,000
Potential Turnover: £324,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £31,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £14,750 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £10,730 (excl VAT)
To be discussed with the Regional Manager.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
