Norwich property for sale / flats for sale / houses for sale
pub Restaurant (£115,000)
Rare opportunity to buy this leasehold (12 years left on this renewable lease) bar and restaurant in the centre of Norwich. With a high turnover £384,000 ex. vat p.a. and excellent profits. There is a huge potential to further increase trade by opening more hours, we are only trading on a 6 day week, and do not use the extended hours that we now have, (by choice). It is popular with 19 year olds right through to pensioners. It attracts office workers, business people, tourists, shoppers and in the evening it is in proximity of all entertainment. There is a licence for live music, entertainment, and permitted hours of opening are 10. am till 2 am. Outside the pavement area is licensed for 3 tables and 12 chairs. It is decorated in an American style theme, with a 44 seater restaurant. There is a two bedroomed completely self contained accommodation. Fixtures and fittings are included. We are retiring from the trade to pursue other interests. Since the smoking ban commenced it has not made the slightest difference to our turnover. The bar and restaurant is american style, but with the wide age range, and varying customer base that use the establishment it would be easy to change the style of the premises to suit future requirements. There is potential to promote and show sports events etc. The restaurant could also be used for various functions, and or theme nights.
Having taken a step back from the business, someone with new ideas and commitment could move the business forward considerably more.
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