Westgate

69 Guildhall Street, Bury St Edmunds, Suffolk, IP33 1QD

A TRADITIONAL BURY ST EDMUNDS TOWN CENTRE PUB

The Westgate is a beautiful pub in the centre of the market town of Bury St Edmunds, the heartland of Greene King. This is predominantly a wet lead business with 6 letting rooms. There is a commercial kitchen, however the site does not currently have a food offer. The new operator will need to create a good vibrant pub, offering a great experience for drink, a nights stay and food if the new partner decides to introduce this. This pub is packed full of charm and character and has a very traditional feel. Inside you'll find beams, exposed brick work and roaring fires.

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 pub is in the centre of the market town of Bury St Edmunds, down a side street from the main town square, just around the corner from our Westgate Brewery and head office.

Business Information

Annual rent

£24,500

Weekly rent

£471

Entry costs

£25,875

Turnover royalty

n/a

Forecasted Operator Turnover

£300,678

Forecasted Operator Profit (inc machine profit)

£45,569

Forecasted Operator Machine Profit

£5,500

Average Beer & Cider Discount*

£72

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 (£24,500 per annum) takes into consideration a machines supply concession. The annual rent will be £30,000 if you prefer not to have Greene King supply machines to you.

Entry cost is approximately £25,875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20,000. 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

£8,000

Fixtures & Fittings

£5,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£25,875

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 118 262 1,247
2022 135 251 1,125
2021 106 215 1,138

As you walk in the front door of the pub you come to a beautiful bar area and bar. Moving round to the left you come to the pool table and darts board . Going back to the bar and leading through to the rear, you come to a small court yard area.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

30

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

6

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

0

Current Premises Licence Opening Hours

Sun-Thu: 10:00-00:30
Fri-Sat: 10:00-02:00

The accommodation comprises 3 bedrooms, kitchen, lounge, 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 looking for an operator who can drive the business forward with the Westgate being a key pub in the area. An owner/operator with a passion for great service and hospitality, who wants to drive the pub to its next chapter with enthusiasm and vigour, could be successful here with a fresh approach and new ideas.

Samantha Wortley, Business Development Manager

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