Market Hill, Sudbury, Suffolk, CO10 2EA
Historic Suffolk market town inn recently invested trade area with 7 en-suite bedrooms, parking and owners accommodation.
The Black Boy is a charming 16th century inn situated in the heart of the historic south Suffolk market town of Sudbury. The building was refurbished to a high standard in 2015 and has been well looked after by the tenant. The building retains much of its character with oak beams and an open fireplace. There are 50 covers in the restaurant to the rear of the pub; the front bar is popular with locals and on the town drinking circuit. There is also a large courtyard to the side of the Black Boy, which is well used in the summer. The 7 en-suite bedrooms were fully refurbished a few years ago and are sympathetically decorated and furnished offering an attractive stay away for either the business person during the week or holiday makers/tourists at the weekend.
The Black Boy has a bar/coffee area to the front with the main bar running the length of the opened up trading space, there is also a good size courtyard to the side of the pub. There are also 7 ensuite letting rooms over 2 floors. There is a trade kitchen and a good size basement cellar.
|Car park spaces||7|
|Rooms to let||7|
Private accommodation is situated on the ground floor to the rear of the restaurant area. There is a double bedroom, lounge, office, shower room and toilet.
|Annual rent||£44,000 per annum|
|Weekly rent||£846.15 per week fixed|
£44,000 per annum, £846.15 per week fixed and subject to annual RPI increase (tracker capped at a maximum of 4.75%) on anniversary of agreement. Paid weekly by direct debit. *Please note the Local Hero agreement is different to the traditional tenanted agreement and comes with a Royalty Fee of 6% of net turnover payable to Greene King*
Entry costs approx £26,650 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of conditions, working capital and deposit (25% of head rent, minimum £6,000). Please note fixtures and fittings are still to be valued.
|Fixtures & fittings||TBC||Working capital||£10,000|
|Other costs||£5,000||Total entry cost||£27,650|
LOCAL HERO TENANCY AGREEMENT + OPERATING STANDARDS
Local Hero is an innovative Agreement that’s all about supporting local provenance in food and drink.
A Local Hero pub is a traditional, welcoming, proper pub at the heart of the local community. As a passionate cask ale enthusiast, you will support your local suppliers by serving locally-sourced food and offering the best cask ale in the area.
The unique Local Hero Agreement is designed to share risk and reward. There is a simple royalty charge, based on net turnover, payable to Greene King.
Benefits of this Agreement include:
• 50% of your cask ale is free of tie, so you’ll have the best range in the area.
• A discount on Greene King’s own brand cask ales.
• Rent reductions.
• Flexible marketing support for all occasions.
• An enhanced training programme.
You will need to follow the Local Hero Operating Procedures and score highly in the Mystery Shopper, Beer Quality and Quarterly Audits to ensure you’re able to maximise the profit from your business.
You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||This site is free of tie 50% of the Ale lines.|
The Black Boy is ideally situated on Market Hill in the middle of Sudbury town centre. There is a twice-weekly market right in front of the pub, next to the redundant St Peter's Church, which is now a local community point for events such as concerts and exhibitions.
Sudbury is a small market town in south Suffolk. It is located on the River Stour near the Essex border, and is 60 miles north-east of London. At the 2011 census, the town has a population of 13,063, rising to 21,971 including the adjoining parish of Great Cornard. It is the largest town of Babergh district council. The 19th century saw the arrival of the railway with the opening of a station on the historic Stour Valley Railway, and Sudbury railway station forms the current terminus of the Gainsborough Line.