High hopes of finding buyer for trouble-hit Walpole Arms gastro pub at Itteringham

Hopes of finding a buyer to take over the Walpole Arms gastro pub at Itteringham near Aylsham remain high as administrators talk to a number of potential buyers.

The award-winning eatery suffered trading troubles and a drop in turnover just before Christmas and has been run by chartered accountants and business advisors Larking and Gowen, who are looking for offers in the region of �750,000.

A number of serious potential buyers had stepped forward before the January 6 deadline and talks were now under way with the hope of securing a sale within the next 10 days said joint administrator Adam Clarke.

The place was currently shut for its usual post New Year maintenance but all 14 staff were still employed.

The 18th century inn was reopened in 2001 with celebrity chef Loyd Grossman as guest of honour and has since won a string of top awards for its food. It was taken over by Alan and Cheryl Sayers of Noble Rot in 2007.

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