A rare opportunity has arisen to acquire the New Inn Horning. This idyllic pub located on the banks on the River Bure on the ever popular Norfolk Broads has come to market for the first time in 4 years. The pub internally is traditional in style with open fires and cosy corners to enjoy a drink or a meal. The pub has capicity for 80 covers internally and 200 externally to maximise the busy summer season. The site was heavily invested in 2021 and ready to trade with a new operator. The operation is seasonal with the majority of trade, however the pub benefits from local support in the winter months.
Private accommodation consists of lounge, domestic kitchen, shower room, office and two double bedrooms.
Forecast Turnover: £1,020,394.44
Year 1 Rent: £0.00
Guide Rent: £85,000.00
Initial Deposit: £0.00
Full Deposit: £21,250.00
Full Tie Release: £72,500.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £45,000.00
Working Capital: £55,500.00
Stock & Glassware: £5,000.00
Cash Float: £1,000.00
Turnover Rent: £35,949.70
Turnover Rent %: £3.50
Forecast Wet Turnover: £520,403.05
Forecast Dry Turnover: £499,991.40
Forecast Other Turnover: £0.00
Pubs do not come more stunning than The New Inn. Private moorings, extensive outside trade space with several revenue streams including ice cream parlour, ignlenook fireplaces, and a beautiful location with extremely high footfall. Please do not hesitate to get in touch as it is unlikely to stay on the market for long.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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