Thai Pub and Restaurant for Sale in Norwich Norfolk with Owner's Flat Above

Description

Key Features:Established Since 2008 - Long established and well-regarded city centre business.Freehouse With No Ties - Freedom to choose beers, suppliers and product range.CAMRA Good Beer Guide Listed - Included in the CAMRA Good Beer Guide for many years.Traditional Thai Pub and Restaurant - Popular combination of traditional pub and authentic Thai dining.Just Eat and Deliveroo Takeaway Income - Additional revenue generated through established delivery platforms.50/50 Food and Drink Split - Balanced turnover between wet and food sales.Central Norwich City Location - Situated within the popular Norwich Lanes area.Pavement Seating Licence - External seating for approximately 8 to 10 covers.Two Bedroom Owners Flat Above - Spacious owners accommodation included.Viewing Highly Recommended - Characterful and profitable business opportunity.PUB, RESTAURANT AND TAKEAWAYNORWICH, NORFOLK. A well-established Thai pub and restaurant occupying a characterful multi-level premises with owners accommodation above. Trading in its current form since 2008, although the premises have operated as a pub for many years prior, the business combines a traditional pub environment with an established Thai food offering, attracting both local customers and visitors to the area.The business benefits from a balanced mix of food and drink income, with approximately equal turnover generated from both sides of the operation. Included in the CAMRA Good Beer Guide for many years and featured in The Times, the business has built a strong reputation for both its beer selection and food offering. The operation also benefits from additional takeaway trade through Just Eat and Deliveroo.BUSINESS:The business operates as a traditional pub with a dedicated Thai restaurant and kitchen on the upper floors. The ground floor pub provides around 20 covers and features a traditionally styled bar with nine pumps serving a mix of real ales and lager. The first floor restaurant provides seating for approximately 14 covers alongside a well-equipped commercial kitchen fitted with a gas wok range, extraction system, fryers, refrigeration and stainless steel preparation areas.The business is currently operated by the owner with the support of approximately 9 part-time staff, many working around 20 hours per week. The owner shares cooking duties with a chef, with additional support from part-time employees. The premises are licensed seven days a week and currently trade Monday to Saturday, with occasional Sunday openings during events.The business benefits from freehouse status with no brewery ties, allowing full flexibility over product range and suppliers. Additional income is generated through takeaway and delivery services. The owner is now looking to sell the business in order to spend more time with family in Thailand.PREMISES:The business occupies a multi-level premises with glazed frontage onto a side street within The Lanes area in the heart of the city centre. The ground floor pub area measures approximately 5.42m x 5.64m and provides around 20 covers with a mix of tables and seating. Features include original wood flooring, a traditional bar area with optics, drinks fridges and shelving, CCTV, storage cupboard, cellar access and side access door. A pavement licence provides an additional 8 to 10 external covers.The dry cellar provides substantial storage space for kegs and supplies, together with one fridge and two freezers. The first floor restaurant measures approximately 5.43m x 3.42m and provides seating for 14 covers. Also on the first floor is the commercial kitchen and separate ladies and gents customer WCs.The property is held on a lease expiring in 2028 at a current rent of £27,000 per annum plus VAT, however the landlord has indicated willingness to agree a new lease with a buyer. The business currently benefits from Small Business Rates Relief resulting in nil business rates payable.ACCOMMODATION:Included within the premises is owners accommodation located on the second floor. The accommodation comprises two bedrooms, a living room and a bathroom fitted with bath and shower over. Additional features include a landing hallway with storage cupboard, boiler and gas central heating.The flat is integrated within the property and does not have separate access from the business premises. It is understood there may be an opportunity to change the use of the accommodation subject to necessary consents.KEY INFORMATION:AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.CONFIDENTIAL INFORMATION: Interested parties will be required to complete a non-disclosure form prior to release of further information including accounts.REFERENCE NUMBER: R37127E.OPENING HOURS: Monday to Saturday, 11:00am to 10:00pm. Closed Sunday.TENURE: Leasehold - 20 year lease commenced 17.09.2008, expiring in 2028. The landlord has indicated willingness to grant a new lease subject to terms. The purchaser will be responsible for landlord’s legal costs in relation to assignment or new lease.RENT PAYABLE: £27,000 per annum plus VAT.RATES PAYABLE: Nil, subject to Small Business Rate Relief.STAFF: Approximately 9 staff working circa 20 hours each.EPC: Rating C/60.PRICE: £125,000 plus stock at valuation.VIEWING: Strictly by appointment only.FINANCE: Assistance may be available subject to eligibility.BUSINESS TO SELL: Valuation services available upon request.PREMIER MARKETING: Business listings are marketed across major platforms with full details and presentation.DISCLAIMER:1. Money laundering checks required.2. Details are for guidance only.3. Measurements are approximate.4. Services and equipment not tested.