Bell Hotel

Market Hill, Clare, Sudbury, Suffolk, CO10 8NN

A FANTASTIC, FIFTEEN BEDROOM HOTEL BUSINESS, SET IN THE BEAUTIFUL HISTORIC SUFFOLK TOWN OF CLARE

The Bell Hotel represents a great opportunity for an experienced operator to revive and reinvigorate this hotel business and drive all three income streams - food, drink and accommodation. The Bell also offers conference and banqueting facilities for up to sixty people and has also hosted Weddings in the past. All fifteen letting rooms offer en-suite facilites (eleven double, four twin) and although there is only a small carpark, there is lots of car parking in the surrounding area. The Hotel benefits from a central location in this pretty market Town and there is plenty of footfall and passing traffic. The Bell is an imposing presence on the Town and cannot be missed. Internally the pub offers one hundred and sixty food covers which can be capitalised upon via local trade, destination dining and Hotel residents.

Location

Central position on Market Hill in the delightful historic old Suffolk wool town of Clare. Situated at the head of the River Stour, the town was the gateway to East Anglia in medieval times and its history is reflected in the 13th century Augustinian Priory, the ruins of Clare Castle and the medieval town church. The nearest major centres are Sudbury ten miles, Bury St Edmunds twenty miles and Stansted Airport/M11 junction is thirty six miles away

Business Information

Annual rent

£45,000

Weekly rent

£865

Entry costs

£118,795

Turnover royalty

n/a

Forecasted Operator Turnover

£388,925

Forecasted Operator Profit (inc machine profit)

£388,925

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Preferred

Type of Tie

Free of Tie: All products

Agreement

LEASE: 10 year, free of tie lease

Entry costs approximately £118,795.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £74,500 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£11,250

Fixtures & Fittings

£74,500

Legal Admin Fee

£995

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£30,000

Other Costs

£1,150

Total Entry Costs

£118,795

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 74 235 1,391
2018/19 110 1,483 3,918
2017/18 162 2,202 5,387

There are fifteen en suite letting bedrooms. On the ground floor (main building) the trading space comprises main hotel entrance, lobby, well zoned bar area with forty five covers plus a garden room carvery restaurant furnished for twenty eight covers which can also be utilised as a meeting room and for additional function facilities. There is a modern, well equipped commercial kitchen. Additionally there is a reception counter, reception office, general office, staff rest room, restaurant/function room furnished with twenty eight covers. On the first floor there is a function room which holds sixty for formal dining and is also used as a sport bar with big screen TV. Externally there is a split level terrace with thirty two covers and car park to the rear of the property.

Trade Bars

1

Trade Dining Areas

4

Trade Kitchens

1

Trade Food Covers

160

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

15

Meeting Rooms

1

External Child Play Areas

0

Function Rooms

2

Customer Car Park Spaces

10

Current Premises License Opening Hours

Mon-Thu: 08:00-00:30
Fri-Sat: 08:000-01:30
Sun: 08:00-00:00

The private living accommodation is located on the first floor of main building. It is made up of three separate flats, each detailed below: 1st flat - Lounge, kitchen, double bedroom with en-suite, single bedroom/office 2nd flat - Large double bedroom, lounge, bathroom 3rd Flat - Lounge, two bedrooms, two bathrooms

Private Rooms

13

Lounge

2

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

2

Bathrooms

2

Toilets

2

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an experienced operator who can take hold of this fantastic property and revive its former glory. The Bell Hotel is a traditional Suffolk Inn, with excellent facilities. This opportunity should appeal to both hoteliers and restauranteurs and will need to be run as a 'hands on' business. If this is the business you have been waiting for, then please contact our recruitment team for further information

Mark Horton, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.