Macebearer

Home Farm Lane, Bury St Edmunds, Suffolk, IP33 2RH

A TRUE COMMUNITY LOCAL

The Macebearer, Bury St Edmunds is a former Greene King managed house which has now transferred to our leased and tenanted division. It is a true community local, focusing on wet trade, sport on TV and a value food driven food offer. The site attracts local residents from the close by Nowton and Harwick residential Estates and is very popular within these communities. This site currently trades at an 80/20 split in favour of wet sales. Any new operator will need to build upon this good will in the local community and improve the offer further to ensure they keep coming back. The future of this site is very much as a value driven, community local and the new operator will need to build their business plan in line with this.

Location

Bury St Edmunds, commonly referred to locally as Bury, is a historic market, cathedral city and a civil parish in Suffolk. Bury St Edmunds Abbey is near the town centre. Bury is the seat of the Diocese of St Edmundsbury and Ipswich of the Church of England, with the episcopal see at St Edmundsbury Cathedral. The Macebearer lies within the Harwick Shopping Centre on Home Farm Lane which houses a convenience store, Fish and Chip shop, hairdressers and other local shops. The pub is close to both the Nowton and Hardwick estates as well as West Suffolk Hospital.

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£30,275

Turnover royalty

n/a

Forecasted Operator Turnover

£0

Forecasted Operator Profit (inc machine profit)

£0

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

TBC

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term

The minimum entry cost for this pub for a 5 year agreement is £30,275. Minimum funding required for a 1 year agreement is £15,000. All costs, rent and forecasted turnover/profit will be confirmed over the coming weeks. Please note forecasted minimum entry costs may go up dependent on the final approved rent deal.

Deposit

£6,000

Fixtures & Fittings

£14,000

Legal Admin Fee

£825

Broker Fee

£150

Stocktaking Fee

£150

Working Capital

£8,000

Other Costs

£1,150

Total Entry Costs

£30,275

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 58 315 712
2018/19 343 1,525 4,450
2017/18 322 1,773 4,162

The trade space is open plan and centres around a single bar. There is a trade kitchen and space for approximately seventy food covers. Externally there is a terrace area which can seat thirty to forty people. Car parking is shared with the adjoining shopping centre and offers parking for approximately thirty vehicles

Trade Bars

1

Trade Dining Areas

0

Trade Kitchens

1

Trade Food Covers

70

Trade Gardens

1

Trade Patio Areas

2

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises License Opening Hours

TO BE CONFIRMED

The accommodation is in good condition and comprises three bedrooms, lounge, kitchen, bathroom, toilet and office.

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking a community focused operator who can engage with the locals and demonstrate excellent local knowledge. This new operator will need to make this a great community local with sport on TV and a value food offer, making it the place to go for the local community. If you have the skills and knowledge to make a success of this pub, then please contact the recruitment team for further information.

Sam Wortley,

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