under offer
under offer
tenancy
11 Old Market, Beccles, Suffolk NR34 9AP, UK
Approx. Total Ingoings
£12,000Annual Rent
£24,000This beautiful and characterful pub, the Bear & Bells, is perfectly nestled opposite the bus station in the historic and affluent town of Beccles. With beer garden seating to the front (licensed for 30 covers) and rear, and beautiful period features within, the pub represents a magnificent opportunity for a publican wanting to launch and establish food trade. The internal trading area has space for approximately 70 covers in total and includes two separate dining areas as well as a function room, which has proven to be an excellent venue for meetings and private functions. The property also benefits from a fully equipped trade kitchen which is more than capable of producing a very credible food offer.
Private Accommodation: The pub benefits from excellent living space which is immaculately presented throughout. The private accommodation has recently been fully re-decorated and features two large and fully carpeted double bedrooms with sash windows. There is a large and airy lounge and also a good-sized, well-equipped bathroom, with bath and shower and toilet. The flat also benefits from a fully furnished private kitchen.
Indoor trading area
The bar is equipped with premium draught lagers and ciders and 4 cask ale pumps. It overlooks a good-sized drinking and dining area featuring a mixture of large tables, leather seats, and sofas with seating to accommodate around 20 people. There are two separate dining areas; the brasserie style restaurant area is intimate and cosy with exposed beams, inglenook fireplace and space for 20 covers, whilst the function room provides a spacious, open area with red bricked walls, wooden floor and large windows, has its own dedicated WC facilities. This has also proven to be an excellent venue for meetings and private functions, with space for up to 50 people. The trade kitchen area is accessed behind the bar and fully stocked with modern catering equipment, including a Rational Combi Oven.
Outdoor trading area
The walled beer garden to the rear of the pub has seating for 20 people in an intimate, sheltered and well-presented area. At the front of the building there is a large, purpose built, European-style paved patio which currently has seating for 30 and has easy access to the main bar. The car parking is principally for staff and is to the side of the building next to a storage shed and the wood store. Customers can park their vehicles on the road nearby within strolling distance of the pub.
Regional Manager Comments
The Bear & Bells’ current clientele is mainly made up of older and retired customers, however there is considerable scope for the new publican to further build the food trade to widen the customer base. In particular there is an opportunity to exploit morning coffee and breakfast and daytime lunch trade in order to draw destination customers in all year round to this beautiful and historic coaching inn. I am looking for an experienced publican who has the passion to drive this pub forward and fully optimise all the income streams this pub has to offer.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Function Room Restaurant/Food
Approx. Total Ingoings
£12,000
Annual Rent
£24,000
Potential Turnover: £319,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £24,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £12,000 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £15,000 (excl VAT)
To be discussed with the Regional Manager.
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