Peggottys is a well known late night and weekend venue situated in the heart of Great Yarmouth. This is an excellent opportunity for a retailer with experience of late night/live music operation to take on a well decorated publican house which is maintained to a high standard.
This property also benefits from a sizeable domestic accommodation, making this an excellent home for a new operator.
The private accommodation is situated over two floors. The first floor consists of a hallway, the aforementioned commercial kitchen, a utility room, domestic kitchen and large lounge overlooking King Street. The second floor comprises a landing, domestic bathroom with shower and bath and three substantial double bedrooms. These rooms are in good decorative order. There is also a second floor attic space, suitable for storage.
Forecast Turnover: £271,359.02
Year 1 Rent: £10,000.00
Guide Rent: £15,000.00
Initial Deposit: £0.00
Full Deposit: £3,750.00
Full Tie Release: £23,750.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: Approx. £10,000.00
Working Capital: Approx. £13,500.00
Stock & Glassware: £3,000.00
Cash Float: £1,000.00
Forecast Wet Turnover: £235,916.16
Forecast Dry Turnover: £21,582.14
Forecast Other Turnover: £13,860.72
A well-known and popular venue, Peggottys is a fantastic opportunity for a publican with experience in marketing and managing a late night business. The site has been very much DJ based previously but there are opportunities to introduce live music/comedy/entertainment and a basic food menu. Likewise, rationalising and clarifying the weekday offer of sports, private hire and theme nights would help balance trade in a business that has been centred around Friday and Saturday nights previously.
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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