Swan Downham Market
29 High Street, Downham Market, PE38 9HFAgreement Type:
Investment Tenancy
View details for Swan Downham Market
Manor House Wortham
Manor House Wortham
Bury Road, Wortham, IP22 1PX Pub Code: 0092010101
Pub Code: 0092010101
Investment TenancyEst Min Ingoing Costs: £31,697
Annual Rent: £30,387
Complete Refurbishment Planned!
The proposed refurbishment of the Manor House involves a comprehensive interior redecoration, with updated fixtures and furnishings and a curated selection of Bric & Brac. This overhaul will create a warm and inviting atmosphere, a great pub that does great food.
The external refurbishment will include new signage, a complete redecoration of the exterior, and enhancements to the garden area. These external improvements are anticipated to significantly enhance the Manor House's kerb appeal, making it more attractive to passersby.
The combination of upgraded interiors and an appealing exterior is poised to attract a new range of consumers seeking a high-quality offering. The pub's Great Pub Great Food style and improved external area are expected to make it particularly appealing to families and a diverse set of consumers, thereby positively impacting trade.
Great Pub, Great Demographics!
The Manor House is situated in Wortham near Diss, positioned along a bustling main road leading to Diss and the coast, offering high visibility and accessibility. Wortham itself is characterized by its village charm, catering to a demographic with high affluence.
The local population within a 20-minute drivetime radius amounts to approximately 60,000 residents.
Tap Into This Pub’s Potential!
This pub presents a compelling investment opportunity due to its potential to attract local residents, especially the target demographic of the 60,000 population within a 20-minute drivetime.
With 100 internal covers and an additional 140 external covers in a stunning garden setting, the pub offers ample seating capacity to cater to a diverse clientele.
The Operator
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator will have extensive experience running or operating a similar pub business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The pub after refurbishment will be decorated in a modern homely style. The Manor House boasts an open fireplace and striking wooden beams. There are several spaces throughout dedicated to both drinking and dining. Outside, the pub has a great space. Seating to the front of the pub as well as an appealing beer garden to the rear. For more information on the refurbishment please download the refurbishment details.
Private Accommodation
Self-contained private accommodation consists of two bedrooms, living room, galley kitchen and bathroom.
Estimated Total Ingoing Costs
£31,697
Estimated Minimum Ingoing Costs
£31,697
Annual Rent
£30,387
Estimated Annual Turnover
£438,342
Deposit
£7,597
Estimated Fixtures & Fittings Value
£14,800
Estimated Stock Valuation
£5,800
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Bury Road, Wortham, IP22 1PX
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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