Lady Elizabeth

Market Hill, Sudbury, Suffolk, CO10 2EA

TOWN CENTRE PUB WITH 7 LETTING ROOMS

The Lady Elizabeth 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 remains in good order. The building retains much of its character with oak beams and an open fireplace. The 7 en-suite bedrooms offer an excellent revenue stream, especially as there is a lack of hotel rooms in Sudbury. The pub attracts customers on the busy market days, as well as during the evenings on the local drinking circuit, offering a comfortable environment.

Location

Sudbury is a market town in Suffolk, on the River Stour near the Essex border, 60 miles north-east of London. It is the largest town in the Babergh local government district and part of the South Suffolk constituency. The town became notable for its art in the 18th century, being the birthplace of Thomas Gainsborough, whose landscapes offered inspiration to John Constable, another Suffolk painter of the surrounding Stour Valley area. The Lady Elizabeth sits on Market Hill in the town centre, next to the twice weekly market and surrounded by various shops, pubs and coffee shops.

Business Information

Annual rent

£30,000

Weekly rent

£577

Entry costs

£40,375

Turnover royalty

5%

Forecasted Operator Turnover

£458,493

Forecasted Operator Profit (inc machine profit)

£49,949

Forecasted Operator Machine Profit

£2,500

Average Beer & Cider Discount*

£36

Type of Tie

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

Agreement

A 5 year turnover agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales. Machine income is retained by licensee

Entry costs approximately £40,375.00, 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 £7,500 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

£7,500

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£40,375

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 2020 & 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)
2021 78 1,080 3,112
2020 79 908 2,506
2019 161 2,340 5,533

As you enter through the front door the bar is directly in front of you with seating for food and drink to the right and left of the pub. As you walk through to the back of the pub you pass both male and female toilets to the side, an entrance that takes you to the letting rooms and then up to a second seating area for drinking or dining. Externally there is a courtyard that runs alongside the side of the pub, which is always popular during the warmer weather and leads to a small car park.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

50

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

7

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

7

Current Premises Licence Opening Hours

Mon-Sat: 07:00-00:00
Sun: 07:00-23:30

The accommodation comprises kitchen, lounge, bedroom and bathroom

Private Rooms

4

Lounge

1

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an operator who has a passion and desire to operate a great pub business, complete with letting rooms. They will need to be able to drive food and drink sales whilst creating a positive presence on social media. I am excited for the future of this site, so please contact the recruitment team if this sounds like the opportunity for you.

Sam Wortley,

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