10 Fisher Street, Lewes, East Sussex, BN7 2DG
Historic town centre pub famous for quality cask ales and live music.
This site is popular with live music and cask ale. It has a large central trade area and a sheltered beer terrace outside - an experienced licensee is required to further develop the business and to grow additional income opportunity by introducing a food offer.
The Lamb has a long central bar servery with a spacious trade area, there is a separate smaller bar that could be used as a second drinking space or private room. The pub does require some investment with regards to the kitchen and decoration of the trade space.
Private accommodation comprises 2 bedrooms, office, toilet, bathroom and living room.
|Annual rent||£27,500 per annum|
|Weekly rent||£528.85 per week fixed|
£27,500 per annum, £528.85 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit. *Machine Income free of tie*
Entry Costs approx £28,800 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000).
|Fixtures & fittings||£12,000||Working capital||£4,000|
|Other costs||£5,150||Total entry cost||£28,800|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•50/50 profit split of machines income
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||This site is free of tie for wines, spirits & minerals.|
Strategic Lewes Town centre location just off the high street and on the main town circuit. Surrounded by residential/commercial and retail premises in the heart of historic Lewes.