tenancy
24 Malthouse Crescent, Heacham, King's Lynn PE31 7DL, UK
Approx. Total Ingoings
£14,450Annual Rent
£25,900Situated on the A149 North Norfolk coast road, approximately two miles south of Hunstanton and approximately 13 miles north of Kings Lynn, the Bushel & Strike is ideally situated in the middle of the village. The Bushel & Strike has good all year local based trade with increasing volumes due to the holiday trade throughout the year and particularly in the summer months. This family orientated pub is a hot spot through the holiday seasons allowing children to enjoy the warmer weather, whilst playing on the outdoor area. Heacham is a thriving village with a wonderful beach, which is a magnet for lovers of outdoor sporting activities. The well-presented outdoor area can be used for either drinking or dining and even comes with the opportunity to extend further. This homely decorated pub is able to cater to all needs offering a separate dining area to the large ‘L’ shaped bar, allowing the right publican the potential to increase both the food and wet trade.
Private Accommodation: The private accommodation has two bedrooms on the first floor, with the present publicans making use of additional loft space for further an additional room. The accommodation also includes a lounge and spacious kitchen which is currently used as a kitchen/diner family space, being the perfect accommodation for a family. There is also a large private garden space to the rear of the pub.
Indoor trading area
The pub is full of character with a number of homely features including exposed brickwork and an open fire-place. This creates a friendly atmosphere for customers to relax and enjoy the pleasant setting over a drink and a bite to eat. The interior is furnished throughout, comprising an open plan trading area and an ‘L’ shaped bar servery complemented with stripped wood floor. There is an attractive separate dining area for around 25 covers, adjacent to the main bar which provides a great area for developing the business however this is currently home to the pool table. The trade kitchen is accessed from behind the bar and is located to the side of the restaurant. This is relatively compact and is fully electric.
Outdoor trading area
This pub offers an extensive external outside seating areas with a spacious patio with large fixed parasols situated to the front of the beer garden, alongside a children’s play area. This area is aesthetically pleasing to the eye through the array of greenery and lights. There is a car park for 20 spaces at the front of the pub which provides access to the main entrance. The right publican has the opportunity to extend the outdoor offering to the larger outside space which could be developed for either drinking or dining, in the summery months, or even additional revenue streams such as motorhome parking (subject to permission).
Regional Manager Comments
This is an attractive pub, with great kerb appeal, serving both locals and summer holiday makers. There is extensive existing external trade space and some unused space to the rear that has the potential to be used further, subject to permissions as the area is now presently licenced. It has the potential for additional revenue streams such as overnight parking for motorhomes. This is a great business opportunity for either an experienced publican or someone new to the trade looking for their ideal pub business. The current publicans are due to leave in October but may be willing to leave sooner if our new publican wishes to take the pub on earlier.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Restaurant/Food
Approx. Total Ingoings
£14,450
Annual Rent
£25,900
Potential Turnover: £325,000 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: £25,900 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: £14,450 (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: £13,000 (excl VAT)
To be discussed with the Regional Manager.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
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.
