Macebearer
Home Farm Lane, Bury St Edmunds, Suffolk, IP33 2RH
NEST PUBS FRANCHISE OPPORTUNITY
The Macebearer, in Bury St Edmunds is a wet led pub which will be offered for re let under our new style Nest Pubs franchise agreement. The Macebearer was refurbished in 2021 and is fine condition. The new style franchise agreement offers a basic food offer of Pizza (and other handheld food items) and operates at the heart of the community. The Macebearer will be an ideal meeting place for locals, couples, and families, who can expect to enjoy live sport and live music within the pub. There will also be pool and darts on offer and participation in local competitions will be encouraged.
Bar
Garden
Kitchen
Patio
Location
Bury St Edmunds, commonly referred to locally as Bury, is a historic market and cathedral town and civil parish in Suffolk It is the home of Greene King and our Westgate Brewery still operates in the town. The Macebearer lies on the edge of the Nowton Housing Estate, approximately a mile from the town centre and next a parade of shops.
Business Information
Annual rent
£0
Weekly rent
£0
Entry costs
£5,000
Turnover royalty
n/a
Forecasted Operator Turnover
£400,000
Forecasted Operator Profit (inc machine profit)
£30,000
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
Type of Tie
Agreement
Pub Franchise Agreement is an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £3,000 entry fee (plus £2,000 working capital) and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. In addition, you'll be paid 20% of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses and 10% share of profit are available based on business performance and standards audits. Private accommodation is provided where available.
Entry cost of £3000 is payable on change day. This includes legal fees and start up training costs. An extra £2000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.
Deposit
£0
Fixtures & Fittings
£0
Legal Admin Fee
£0
Broker Fee
£0
Stocktaking Fee
£0
Working Capital
£2,000
Other Costs
£3,000
Total Entry Costs
£5,000
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 | 216 | 784 | 2,714 |
| 2022 | 263 | 843 | 2,796 |
| 2021 | 128 | 651 | 2,475 |
A single room pub with central bar. Externally there is a small beer garden with covered patio.
Trade Bars
1
Trade Dining Areas
0
Trade Kitchens
1
Trade Food Covers
60
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
12
Current Premises Licence Opening Hours
Sun-Thu: 11:00-23:30
Fri-Sat: 11:00-00:30
The accommodation comprises 3 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
Nest Pubs is ideal for community minded pub managers, who are looking to run their own pub business, without the large outlay required for kitchen staff. If you are community minded, demand high standards and are passionate about great service, this might be the opportunity you have been waiting for.
Becky Holt, 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.