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Angel, Sudbury

Sudbury, CO10 2AG

Your investment

£15,000

Agreement Type

Tenancy

The Angel is a 5-minute walk from the town centre of Sudbury. This market town is busy, with of plenty of cultural and historical interests for visitors – buildings which date back to the 17th Century, as well as a reference to famous artists (Constable & Gainsborough) There is still a weekly market in the town square and bigger farmers, market monthly. For the people living in the town, there are great transport links – 35 min drive to the main towns (Bury St Edmunds, Ipswich & Colchester) as well as being only 60 miles from London and on the main train route.

The Angel is a 5-minute walk from the town centre of Sudbury. This market town is busy, with of plenty of cultural and historical interests for visitors – buildings which date back to the 17th Century, as well as a reference to famous artists (Constable & Gainsborough) There is still a weekly market in the town square and bigger farmers, market monthly. For the people living in the town, there are great transport links – 35 min drive to the main towns (Bury St Edmunds, Ipswich & Colchester) as well as being only 60 miles from London and on the main train route.

Pub Layout

The Angel is a 16th-century pub featuring oak beams and has been furnished to a high standard. The internal layout has a small bar area, 55 cover restaurant and breakfast room which doubles as a function room. There is a fully equipped kitchen, which is a good size and well designed for optimum efficiency. Upstairs there are five letting rooms which have been recently renovated to a high standard and are a successful part of the business – rated four stars on trip advisor. Outside this beautiful pub, there is a large garden – with 100 covers, lovely patio area. There are only a few car parking spaces; however, there is plenty of street parking.

The Angel is a rare opportunity as a pub of this calibre with the business opportunity it has rarely become available. The Angel’s current trade is based on the restaurant and letting room aspect of the business, meaning that there are opportunities to develop the wet sales with more focus on the range of real ales, draught products and high-end wines and spirits. The food sales, while established, could appeal to a broader market by being less specialist and targeting the daytime trade and marketing to the local community as well as to the tourists. The Garden and patio area are amazing spaces and as such are a feature that can be focused on for the increasingly hot summers which we are having.

Private Accommodation

The private accommodation consists of a one-bedroom flat with a kitchen, bathroom and front room.

Letting Accommodation

There are five letting rooms.

Annual Rent: £27,500

Security Deposit: £5,000

Working Capital: £5,000

Stock: £5,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie:  All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The applicants for the Angel need to have the ability to operate this complex style of pub: such as the experience of operating good food and managing the letting side of a business. They will also have a desire to integrate with this community and the ability to drive the marketing via all mean but with a focus on the internet and social media that this style of business requires.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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