White Horse Cromer
Summary
The White Horse is situated on West Street close to the centre of Cromer, a popular seaside town on the North Norfolk Coast.
Description
The White Horse is situated on West Street close to the centre of Cromer, a popular seaside town on the North Norfolk Coast. The spacious trading areas, together with the well-presented accommodation make this business an ideal opportunity for either a new or experienced publican who can build lasting relationships with locals and provide fantastic hospitality to visitors.
Cromer is a bustling 'all day everyday' type of town, providing trading opportunities across all time slots. The real bonus of this business is the six letting rooms which are located on the first floor. They include three double, two single and a family room; all rooms have an en-suite, televisions and tea and coffee-making facilities. Additionally, the pub offers a main bar, with part exposed brick and part flint walls, has fitted bench seating, dark oak tables and chairs and a gas coal effect fire. A games room is also equipped with further bench seating and a flat-screen TV for sports viewing. To the rear is a 20-cover restaurant with direct access to the backyard area. Externally there is an enclosed beer garden with customer picnic tables and two storage sheds. A car park is available at the side and rear of the building.
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Key Features
• Six en-suite letting rooms
• Well-equipped trade kitchen
• 20-cover restaurant
• Three bedroom private accommodation ideal for a family
• Discounts of up to £80 per barrel but has an average of £60 per barrel
Business & Financial Information
• Estimated ingoings (upfront): £10,545
• Full deposit: £9,750
• Agreement fee: £795
• Guide rent (weekly): £750
• Guide rent (annual): £39,000
• Forecast turnover (weekly): £644,646
• Forecast turnover (annual): £644,646
Ideal Operator
This is a fantastic opportunity for a new publican to maximise income from the letting rooms and build upon the food and drink offering, exploiting the all-day everyday vibe in the town. An understanding of marketing and promotion is essential for driving sales, and targeting all the relevant customer groups and occasions.
Private Accommodation
The private accommodation is spread over the ground and first floor and briefly comprises three double bedrooms, a living room, a bathroom, and an office.
Regional Manager's Thoughts
The White Horse is extremely popular with both tourists and locals and enjoys a 24-hour premises licence. The business presents a fantastic opportunity for a new publican to maximise income from the letting rooms and build upon the food and drink offering, exploiting the all-day everyday vibe in the town. An understanding of marketing and promotion is essential for driving sales and targeting all the relevant customer groups and occasions.
Surrounding Area
The North Norfolk seaside town of Cromer is known as The Gem of the Norfolk Coast and was mainly discovered by the Victorians with the coming of the holiday maker. Today it is a lovely resort with fine sandy beaches and well known for many things, including Cromer crabs and its pier with a wonderful theatre which is open throughout the year. Norwich is approximately 23 miles to the south on the main A140 trunk road.
Upfront cost
£10,545
Cost type:
Upfront
Key facts
Upfront cost
£10,545
Turnover (annual)
£644,646
Rent
£39,000 (annual)
Location
24 West Street, Cromer, Norfolk NR27 9DS
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
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