Investment Opportunity

Kings Arms

23 Brentgovel Street, Bury St Edmunds, Suffolk, IP33 1EB

Gallery

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Pub overview

This Bury St Edmunds town centre pub recently underwent a full renovation scheme. With its large patio area and modern internal decoration, the Kings Arms offers something unique in the town.

Its location – just off the market square – makes it an ideal stop-off after a hard morning’s shop or somewhere in town to meet friends for an evening drink and warm welcome. There are comfortable sofas for relaxing or tables ready for dining and in the Summer, the spacious patio provides a secluded place to get away from the hustle and bustle of life outside. You could run this charming business and create an oasis in town that builds on its already excellent reputation.

Refurbished within the past 12 months, this site is in great condition and affords the luxury of being able to trade immediately

Trade space
Bars 1
Food covers 36
Trade kitchens 1
Patio areas 1

Private accommodation is large and would suit a family or multiple operators.

Private space
Private Rooms 9
Lounge 1
Single Bedrooms 2
Double bedrooms 2
Private Kitchen 1
Bathrooms 2
Office 1

Rent information

Annual rent £44,000 per annum
Weekly rent £846.15 per week fixed
Notes

£44,000 per annum, £846.15 per week fixed and subject to annual RPI increase, which is capped.  Paid weekly by direct debit.

*Machine Income free of tie*

Entry Costs approx £43,190.00 which includes fixtures and fittings (to be valued), stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £22,390 Working capital £5,000
Other costs £8,150 Total entry cost £43,190

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2017/18 292 2,669 6,861
2016/17 251 1,936 5,190
2015/16 271 1,947 5,301
Volume notes

Location

Bury St Edmunds is the home of Greene King, so you can take advantage of its excellent reputation in the town and you won’t get fresher beer anywhere else! It is also known for the British Sugar processing factory, where Silver Spoon sugar is produced. The town is the cultural and retail centre for West Suffolk and tourism is a major part of the economy and has many visitors on a daily basis. The Kings Arms is close to the market square and near to small offices so you’ll have customers right on your doorstep.

Facilities

Trade bar
Trade kitchen
Trade patio

Current premises licence opening hours

Opening hours: Mon-Thurs 11:00hrs - 00:30hrs Fri-Sat 11:00hrs - 01:30hrs Sun 11:00hrs - 00:30hrs

Contact Us

Lee Jarvis

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The King’s Arms is a little gem, right in the heart of town. Recently refurbished and with a large patio area, this town centre pub is a venue of choice for many. ”