Historic Norfolk pub on sale for £1.9m

Thu, 03 Nov 2016 | COMMERCIAL PROPERTY

An award-winning, Grade II-listed Georgian pub in Norfolk has been put on the market for at least £1.9 million.

The detached, two-storey Globe Inn in Wells, thought to date back to the 18th century, was described as an attractive commercial acquisition by people managing the sale.

The pub was voted Best Independent Hotel at the 2015 EDP Norfolk Tourism Awards and was a finalist in the Best Family Dining category at the 2016 EDP Norfolk Food and Drink Awards.

The property includes seven boutique letting rooms, a 100-cover bar and restaurant, a 120-cover sheltered courtyard and has recently undergone significant refurbishment. The business also has planning permission for a further 11 en suite rooms.

It is currently under management, its owners Stephen and Antonia Bournes having recently taken an “overseeing” role.

John Grace, associate director at Christie & Co, said “Overlooking the town’s Georgian Square, the Globe Inn is an excellent year-round business benefitting from strong multiple revenue streams, with clear scope to grow further.

“Wells is a popular and growing fishing town with a busy harbour and attractive beach. Recent figures from Visit Norfolk have estimated that the value of Norfolk’s tourism industry has topped £3 billion for the first time, making local tourism in Norfolk more valuable than Devon or Cornwall.”

Stephen and Antonia Bournes said: “We have invested significantly in the Globe, and feel that we have vastly improved not just the business and the building, but more importantly each and every customer and guest experience. We will miss the fun and challenge of running such a lovely business, but we feel it is the right time for us to step away from this sector, and enjoy life in this magnificent part of the country.

“We wish the new owners and operators every success and will make sure the transition is a smooth as possible.”

Take a look at our buying a business page for more information on buying and selling businesses.


Share this article



Latest Businesses for Sale

Major Innovator of Job Search Technology & Related Platforms
East of England, UK

One of the top job search portals - developed in-house - with over 1m UK-based vacancies available from employers operating in nearly all sectors across the UK. Also develops & operates a series of complementary platforms & mobile apps for use within...

Asking Price: Offers Invited
Turnover: £3,400,000

Supply of Flanges, Butt Welds & Machining
UK Wide

Manufacture and supply of high quality, hard metal, flanges and butt welds with machining services. Enviable reputation. Niche offering. Long standing relationships with suppliers. In-house manufacturing capabilities. Diverse client base including m...

Asking Price: Offers Invited
Turnover: £1,100,000

Road Surfacing & Civil Engineering Contractor
Scotland, UK

Public and private sector road surfacing and civil engineering contractor with a prestigious Royal Warrant for Road Maintenance. Provides roadworks, groundworks and civil engineering services. Diverse customer base including Royal Estates, local auth...

Asking Price: Offers Invited
Turnover: £3,800,000


View more businesses for sale

News Search

Latest News

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources