Gym

3 Risbygate Street, Bury St Edmunds, Suffolk, IP33 3AA

EXCITING LATE NIGHT OPPORTUNITY

The Gym Bar in the heart of Bury St Edmunds is a late night sports themed bar in need of a new direction. The pub is currently 95% wet led, but offers a fully functioning kitchen that could help expand the trade to a wider audience. We will be looking for you to completely change the offer within the pub and would be open to a change of name. The current operator will be removing all of the fixtures and fittings so you will need to provide all new F&F. The pub benefits from a late licence all week round, so the possibilities here are high. Bring your creative flair and imagination to form your own unique pub business in partnership with Greene King.

Location

Bury St Edmunds, commonly referred to locally as Bury, is a historic market and cathedral town and civil parish in Suffolk. The town is best known for Bury St Edmunds Abbey and St Edmundsbury Cathedral. The town has been the home of Greene King since our formation in 1799. The Gym Bar lies on Risbygate Street just off of the town centre, surrounded by a number of other pubs, restaurants, cafés and late night venues.

Business Information

Annual rent

£36,500

Weekly rent

£702

Entry costs

£42,850

Turnover royalty

n/a

Forecasted Operator Turnover

£398,786

Forecasted Operator Profit (inc machine profit)

£40,929

Forecasted Operator Machine Profit

£4,500

Average Beer & Cider Discount*

£36

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£00,000 per annum) takes into consideration a machines supply concession. The annual rent will be £41,000 if you prefer not to have Greene King supply machines to you.

Entry cost is approximately £42,850 which includes stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note all fixtures and fittings will be removed from the site and the new operator will need to fund/provide all new F&F.

Deposit

£9,125

Fixtures & Fittings

£0

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£22,000

Total Entry Costs

£42,850

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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2023 116 815 18
2022 103 542 22
2021 83 354 346

The trade space is open plan. As you walk in the pub to the left you currently have a pool table, ahead of you is the bar area, which leads round to the main bar and DJ/stage area.

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

40

Trade Gardens

0

Trade Patio Areas

0

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Sun-Wed: 10:00-01:30
Thu-Sat: 10:00-03:30

The accommodation comprises 3 bedrooms, lounge, dining room, kitchen, bathroom, toilet and office.

Private Rooms

9

Lounge

1

Dining Rooms

1

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

This is an exciting opportunity to completely re brand the Gym Bar and really make it your own! This late night venue lies in the heart of town and offers a whole host of potential to become one of the towns stand out bars.

Samantha Wortley, Business Development Manager

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