The Kings Arms is a large, prominently positioned pub, in the centre of the village of Caister-on-Sea near Great Yarmouth. The pub is close to the beach, several seaside holiday parks, Great Yarmouth racecourse and greyhound stadium and is popular with locals and holidaymakers alike.
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There is large private accommodation on the first floor with a private entrance and private yard/patio. The first-floor accommodation has 4 double bedrooms, a lounge, a bathroom and a WC. There is a small domestic kitchen on the ground floor.
Forecast Turnover: £354,729.91
Year 1 Rent: £20,000.00
Guide Rent: £25,000.00
Initial Deposit: £0.00
Full Deposit: £6,250.00
Full Tie Release: £41,500.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: Approx. £10,000.00
Working Capital: Approx. £14,800.00
Stock & Glassware: £5,000.00
Cash Float: £1,000.00
Forecast Wet Turnover: £312,770.96
Forecast Dry Turnover: £41,958.96
Forecast Other Turnover: £0.00
The Kings Arms presents an excellent opportunity to build upon the already strong community links, whilst also developing the food offer and creating a credible program of entertainment and events, to further drive footfall and sales. Caister is a very popular holiday resort in its own right and is also close to Great Yarmouth, Hemsby and the Norfolk Broads, so capitalising on the summer holidaymaker trade is also key.
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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
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