Lady Elizabeth
Market Hill, Sudbury, Suffolk, CO10 2EA
NOW WITH REDUCED HEAD RENT
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.
Bar
Dining areas
Kitchen
Patio
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
£18,000
Weekly rent
£346
Entry costs
£10,400
Turnover royalty
n/a
Forecasted Operator Turnover
£376,861
Forecasted Operator Profit (inc machine profit)
£49,154
Forecasted Operator Machine Profit
£3,500
Average Beer & Cider Discount*
£126
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
1 Year Foundation Agreement.
Entry costs approximately £10,400, 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 £2,000. Fixtures and Fitting will be rented with weekly payments made.
Deposit
£2,000
Fixtures & Fittings
£0
Legal Admin Fee
£350
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£6,000
Other Costs
£1,150
Total Entry Costs
£10,400
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 | 135 | 1,485 | 4,145 |
| 2022 | 46 | 494 | 2,525 |
| 2021 | 78 | 1,080 | 3,112 |
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
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,
Apply for this property
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