Lamb

5 Market Place, Romford, Essex, RM1 3AB

Gallery

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Pub overview

Filled with character this pub is a great opportunity for experienced business operators with a good knowledge of Romford.

With a loyal local customer base the Lamb is a busy day to day trading pub. With plenty of opportunity to develop the menu, food will be the main opportunity for growth here. With a large and traditional bar area this will be a perfect opportunity for coordinating evening entertainment.

One large trading area broken up into 3/4 sub areas, giving the opportunity to appeal to a wide range of customers. Commercial kitchen to the rear with access to a courtyard.

Trade space
Bars 3
Dining rooms 1
Food covers40
Trade kitchens 1
Patio areas 1

In need of decoration and open to discussions.

Private space
Private Rooms7
Lounge1
Double bedrooms3
Private Kitchen1
Bathrooms1
Office1

Rent information

Annual rent£34,150 per annum
Weekly rent£656.73 per week fixed
Notes

£34,150 per annum, £656.73 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 £32,200.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, Schedule of Conditions, working capital and deposit (25% of head rent, minimum £6,000).

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£18,000Working capital£5,400
Other costs£1,150Total entry cost£32,200

Agreement description

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
• 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.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/182683933,814
2016/1722941,735
2015/1636513,174
Volume notes

Location

Located in the centre of Romford on the doorstep of the busy and bustling market place.

Facilities

Trade bar
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Sunday - 06:00hrs to 01:00hrs Friday to Saturday - 06:00hrs to 02:00hrs Copy of licence will be provided and conditions discussed.

Contact Us

Tim Sparrow

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ The Lamb has bags of history and character and is in need of some loving publicans. Benefiting from a prominent location on Romford Market it has a very busy day trade. Local knowledge of the surrounding area would be an advantage. ”