The Bull is at the heart of its community, surrounded by residential streets in the popular suburb of Hellesdon just three miles northwest of Norwich City centre, and a rare opportunity has arisen to acquire The Bull on a new 5-year Tenancy Agreement.
The Bull is ready to operate, it is in impeccable condition throughout having recently been refurbished. Throughout the pub you will find multiple seating options for dining and socialising with a mix of comfy chairs, banquet sofas and booths, window seats, cosy corners and open fireplace the multiple bar areas comfortably host 100+covers. To the rear the first-class beer garden has seating for circa 150covers and has its own outside bar, covered booths, and children’s play area. To the front and side is a sizeable car park for 30 vehicles.
One of just two pubs in Hellesdon, The Bull is ideally suited to its neighbourhood and attracts all ages from 18 to 80, apart from dining occasions pub activity is focused on live music at the weekend, a popular weekly Wednesday quiz and Sports TV.
With its fully fitted trade kitchen the site currently benefits from both on-site pub dining and off-site deliveries through its "Dark Kitchen" operation, our agreement allows the successful operator the same flexibility should they wish.
The first floor is presently used for an office, storage and staff use however there is opportunity to reconvert to personal quarters of 3 rooms plus a small kitchen and bathroom.
Forecast Turnover: £928,891.01
Year 1 Rent: £0.00
Guide Rent: £62,000.00
Initial Deposit: £0.00
Full Deposit: £15,500.00
Full Tie Release: £85,500.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £50,000.00
Working Capital: £61,500.00
Stock & Glassware: £5,000.00
Cash Float: £1,000.00
Turnover Rent: £32,720.78
Turnover Rent %: £3.50
Forecast Wet Turnover: £557,339.90
Forecast Dry Turnover: £371,551.11
Forecast Other Turnover: £0.00
The Bull is ready to go as a “turnkey operation” and this is the first time in recent years that it has been available to the Tenancy Market, such an opportunity very rarely comes up! As an already established and a well-known pub, the Bull is a fantastic opportunity for an operator who is ready to drive a quality family friendly food and entertainment offer, maximise the links with the local community and to make their mark by adding their touch to develop the business further.
Due to the high level of interest expected, I strongly recommend that you contact us promptly to avoid any disappointment.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
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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
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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
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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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