01283 501999

Bull

8 Common Place Walsingham NR22 6BP
Initial Ingoings*:
£6,750
Rent:
£1,019 PW
Facilities
  • Accommodation (Private)
  • Beer Garden
  • 45 Covers Catering Kitchen
  • Function Room
  • 5 Rooms Letting Rooms
  • Live Entertainment
  • Live Sports
  • Outdoor Drinking Area
  • Wifi

Overview

Could you run this pub?

The Bull is a beautiful listed traditional village pub with letting rooms in Walsingham, North Norfolk. The pub sits in a village filled with history (the pub sits opposite the village shrine) and there is also nearby abbey and friary and lots of beautiful architecture which attracts visitors to this pretty village.

It’s a well-loved pub full of character with great facilities including a lovely outdoor courtyard garden and it is known for serving excellent quality pub food and cask ales and offers the perfect base to explore the Norfolk Coastline and countryside.

Business facilities

The Bull is a beautifully beamed Casque Marque pub with wooden flooring, which offers great facilities with open plan trading with two snug areas offering up to 45 covers throughout. It has a  fabulous feature inglenook fireplace with a wood burner and a unique priest hole the pub also offers five letting rooms. The pub also offer Cask Marque ales, WiFi and has a beautiful outdoor courtyard garden which offers fantastic appeal for lazy summer days and evenings.

Refurbishment

Punch will be looking to invest in this pub to enhance the interior and exterior to its very best, whilst maintaining its beautiful historical appeal. We will also be looking at upgrading the letting rooms.

Accommodation

The domestic accommodation will include two bedrooms, kitchen and a lounge.

About the local area

Walsingham is well known for the Catholica pilgrimage shrine in the village and this bring regular visitors who like to stop by at the pub for a bite to eat and drink. Its an Affluent area and the pub sits amongst several local businesses including the Shrine Shop, Walsingham Farm Shop, Nortons and Walsingham village stores as well as cottages and housing throughout the village.

Its in a fantastic location just five miles from the popular coastal town of Wells Next The Sea and a perfect base for any visitors to stay for a long weekend or week exploring the local area.

This pub may suit

Ideally this site would suit an experienced operator looking for a beautiful village pub with varied experience in hospitality or from a pub/hotel business background. Quality catering is very important to the business alongside offering excellent standards of service and knowing how to market this pub to its best potential.

About the Agreement

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Development Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Development Manager

Financial Information

Initial Deposit*
£6,000
Full Deposit
£13,250
Legal Fees
£750
Maintenance Fund Per Week
£40
Fixtures and Fittings Weekly Rent
£216
Working Capital
£5,000
Street Check
Click Here

Business Information

Weekly Rent
£1,019
Forecasted Annual Wet Turnover
£341,153
Forecasted Annual Food Turnover
£136,587
Forecasted Annual Letting Room Turnover
£95,767
Forecasted Annual Other Turnover
£7,874
Weighted Average Discount Per Barrel
£75
Agreement
Tenancy 5yr

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