Investment Opportunity

Kings Arms

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

Pub overview

The Kings Arms is a comfortable, traditional town-centre pub that is transferring from Greene King’s managed pubs division and would be a perfect ready-made business for the right operator.

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. Greene King is prepared to help with some capital investment to ensure that the transition is as smooth as possible.

* VIEWING DAY - MONDAY 27 FEBRUARY 2017 FROM 10AM TO 3PM - PLEASE CALL 08456 075330 (select option 2) TO REGISTER YOUR INTEREST *

As this pub is being transferred from Greene King’s managed pubs division, everything has been well-maintained and is in good condition.

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 £36,000.00 per annum
Weekly rent £692.31 per week fixed
Notes

£36,000 per annum, £692.31per week fixed and subject to annual RPI increase, which is capped.  Paid weekly by direct debit. *Machine Income free of tie*

Entry Costs approx £38,800 which includes fixtures and fittings, 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 £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £18,000.00 Working capital £5,000.00
Other costs £8,150.00 Total entry cost £38,800.00

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)
2015/16 283 1,947 5,331
2014/15 263 1,976 5,301
2013/14
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! This charming town is the commercial and cultural centre for the area 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 to Thurs 11:00 - 00:30 Fri & Sat 11:00 - 01:30 Sun 11:00 - 00:30

Contact Us

Steve Look

Business Development Manager

Call us today 0845 607 5330

Apply online
“ The King’s Arms is a little gem, right in the heart of town. It’s ready for you to add a personal touch and create something unique in the area. ”