Sold

Superb Pub/Restaurant With Accommodation

Dereham, Norfolk

£34,999 +SAV

Ref: B04572

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Description

Hilton Smythe welcomes to the market The Canary and Linnet a pub and restaurant, with three-bedroom owners’ accommodation, that is synonymous within the area and owned by our clients since early 2017.

The Canary and Linnet is a well-established pub whose key principles are great food, great drink and great company.

Whether it be mouth-watering hearty meals in the 45-seater restaurant that are freshly prepared by the chef, a drink from the variety of alcoholic, soft and hot drinks on offer or a visit to a traditional English country pub,

The Canary and Linnet can offer all of these along with two large pub gardens, one to the front and the larger to the rear, which is an ideal hospitality area for different events including private functions.

The pub sits on land approaching an acre, has a large car park to the front, good sized gardens front and rear, separate owner’s driveway and double garage and 3-bedroom owners’ accommodation.
There are some evening events including live music, this is an area that could be expanded on to increase turnover.

There is a caravan site behind, which is another area of promotion for the business

The food menu includes;

• Homemade burgers
• Vegetarian and gluten free options
• Children’s menu
• Sunday lunch menu.

Food is served Wednesday to Saturday noon – 2.00 pm & 6.00 pm – 9.00 pm. On Sunday’s food is served noon – 5.00 pm.

There are many local customers along with customers who come from further afield. The business is being sold with the website www.thecanaryandlinnet.com and the business has 5* Facebook reviews and 4*TripAdvisor reviews.

The Canary and Linnet is a profitable business however, there is scope to develop the business further by;

• Adding a second chef
• Opening Mondays and earlier on Tuesdays
• Serving food on Mondays and Tuesdays
• Open longer hours during the day
• Publicising events to create more custom in the gardens during the summer months
• Look into sports channels to create more custom
• Promote more live music events
• Promoting the business to customers of the caravan park to the rear of the pub garden

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a leasehold business opportunity with a 10-year lease that commenced in January 2012. The landlord is flexible about renewing the lease.

The annual rent is £25,000, this includes the three-bedroom owners’ accommodation.

Business exempt from paying Business Rates.

Hours

The business opening hours:

Monday: Closed
Tuesday: 4.30 pm – 10.00 pm
Wednesday - Friday: Noon – 3.00 pm & 4.30 pm – 11.00 pm
Saturday: Noon – 11.00 pm
Sunday: Noon – 10.30 pm

These hours could be extended to increase turnover.

Food is currently served;

Wednesday – Saturday: Noon – 2pm & 6pm – 9pm

Sunday: Noon – 5pm

These hours could also be extended to increase turnover

Staff

The business is run and managed by our client, with the help of a full-time chef and 5 x part time members of staff.

Financial Profile

The Canary and Linnet generated an advised turnover of circa £163,203 as of the 2018 accounts, with a gross profit of £73,481 and a net profit of £9,280

The assets being sold with the business are worth in the region of £15,000

Location

The Canary and Linnet is located in Little Fransham, Norfolk, which is a village located directly on the main A47 approximately 6 miles East of Swaffham and 6 and a half miles West of Dereham. These two towns, along with the villages between them are where the majority of the customers come from.

The pub is distinguished by a prominent roadside sign and the pub itself it set back off the road with its large multiple car, carpark between the pub and the road.

Premises

There is a large shingled car park to the front. Off this is a side drive for the owners, which is gated and leads to the double garage, the owners garden and access to the rear of the pub via the kitchen.

There is a front garden which is laid to lawn and has several A frame benches. The main pub is accessed through the front garden via a central pathway.

The main bar has two fireplaces, seating on tables, at the bar and with further soft seating.

The bar has up to 9 beers on tap, optics and shelving behind, sinks, coffee machine (leased), fridges and door to the kitchen.

Off the main bar is the restaurant area with views across the rear garden, double doors that lead to the rear garden, seating currently for around 45 across several tables. From this area is a door to the kitchen, and doors to the toilets.

The 5* hygiene rated kitchen includes;

• Stainless steel preparation tables
• Dish washer
• Fridge/freezer
• Freezer
• Washing machine
• Double fryer
• 6 burner oven
• Turbo oven (leased)
• 3 microwaves
• Gridle
• Extractor fan
• Door to the owner’s garden

The owners garden has a 2000L oil tank, shed and access to the side drive and double garage.

The double garage currently houses 4 freezers.

The cellar has racking, air conditioning and area for 9 kegs.

The owner’s accommodation has a lounge and kitchen on the ground floor and on the first floor are 3 bedrooms, 2 of which are doubles. There is also a bathroom/WC on this floor.

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