• Fair Maintainable Trade* (FMT) – £394,000 per annum
  • Rent – £44,000 per annum
  • Popular wet led town pub
  • Separate dining and bar areas

We are delighted to present a sound business opportunity at the Norfolk Arms, situated on the outskirts of the historic West Sussex market town of Horsham. The public house is presented in good order throughout, with a major investment carried completed in the last 5 years. The business consists of a restaurant and public bar, which are serviced by one main connected bar-servery. The Norfolk is surrounded by residential properties, and is a great example of a thriving community local. The public house also benefits from a good sized car park, and large outdoor drinking terrace and beer garden area.

The property also offers private accommodation which comprises of 4 bedrooms and 1 bathroom.

The ideal candidate would be an individual or a couple with an ability to operate a business which needs to constantly evolve and react to changing consumer needs. Having a strong customer services background is essential to successfully front this community orientated public house.

Top Line Figures

  • Rent: £44,000 per annum
  • Initial Investment: c.£30,000
  • Fair Maintainable Trade* (FMT) Turnover: £394,000 per annum

 

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £750
  • Working Capital: c.£6,000
  • Fixtures & Fittings: c.£20,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

 

Additional Information

  • Estimated Split: wet 80%/ dry 20%
  • Business Rates: £12,709
  • Available From: 26/07/19
  • Closing Date: 01/07/19

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 252
  • 1070
  • 220
  • 1100
  • Last Year
  • 244
  • 980
  • 210
  • 940
  • 2 Years Previous
  • 257
  • 1089
  • 282
  • 1032

Trade
Asset 2

The public house currently trades with an 80-20% wet led bias; catering for the traditional pub classics in a mid market environment. A strong local community spirit is re-enforced by regular weekly and monthly activities, with sports viewing facilities, darts boards, pool tables and bar games. The customer base is mixed, varying from the everyday afternoon drinker, to the businessman popping in for a pint of beer or a quick lunch, to the middle aged blue collar worker watching his favourite sports team. The business is inclusive of all.


Misrepresentation

* Fair Maintainable Trade (FMT) is the level of turnover and profit that we believe that the business is capable of delivering if being operated competently. The FMT is usually calculated by the Business Development Partner for the pub, who will produce a shadow profit and loss account for the business which supports the rent. A copy of the shadow profit and loss account will be provided during the recruitment process. Please see our Code of Practice for more information on FMT and rent. The Fair Maintainable Trade is not a guarantee of levels of trade or profit that will be made from the business – we strongly recommend you seek appropriate independent legal and business advice as part of your Business Plan.

† The Full Investment Breakdown for each public house is higher than the minimum investment we will accept because potential Business Partners with the minimum investment available can still be accepted as we are able to offer them financial support for the rest of the monies. The working capital incorporates the purchase of stock, glassware, loose catering effects and valuer fees – please note the number quoted on this website are based on estimates. The exact costs will be determined on the day you take on the public house by independent valuers and stock takers. Please see our Code of Practice for more information about investment.

Asset 2

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