If you are looking for pub tenancies in Risby , you could run The Crown & Castle !
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Pub Tenancies In Risby – Run The Crown & Castle !
Risby is a small quaint Suffolk village near the A14 trunk route, just 2 miles west of Bury St Edmunds and 5 miles east of Newmarket. There are local bus services to both towns and an abundance of properties in a traditional village with 300 houses, 900 residents and an active parish council. There are other small villages close by, with nearly 20,000 people within a 10 minute drive time. The village also has a church, a village hall and a cafe. The pub is set right in the middle of the village and is the only licensed premises available. The average house price for a typical 3 bedroom, semi-detached, is circa £500k – making it a relatively affluent area due to its access to major local hubs, trunk routes and surrounding areas.
The pub is becoming available due to retirement of the current licensees after over 21 years at the helm.
Pub Layout
The pub is originally from 18th century, and has been extended in a number of places over the years to create the different trading zones. There are 2 distinct trade areas – the front is nearest the main road and the rear is closest to the large car park. The front entrance door is set back from the main road at the side of the pub off the driveway, and upon entry, leads you into a vestibule area where you have access the toilets, the main dining area on the right, or the slightly more ‘bar’ area on the left. There is a bar servery in both areas and a very well equipped kitchen accessed from behind the bar. There is a large car parking area at the rear of the pub for approximately 16 cars.
Private Accommodation
There is a lounge, 3 well sized bedrooms, and bathroom situated in the private accommodation. Use of the catering kitchen downstairs would be required for private use.
Annual Rent: £20,500
Security Deposit: £5,000
Working Capital: £2,000
Stock: £4,000
Business Rates: Nil*
F&F: Approx. £12,500 – Funding options may be 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.
*Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
The Crown & Castle is not for the novice or faint hearted, as growing this business will be the key in the first period of tenure. There is huge potential here, but a well qualified and funded individual or couple are required. We would also consider the possibility of a well established multiple operator.
The successful applicant will be able to run an accomplished village pub, serving the community, supporting local events, and understanding the village needs.
Depending on the successful applicant, there is the possibility for an enhancing CAPEX scheme and details will be shared if available in interviews. Any development spend will be assessed and developed during the early stages of the successful applicants tenure.
