Lamb

5 Market Place, Romford, Essex, RM1 3AB

Gallery

(Click to enlarge)

prev next

Pub overview

Traditional British Pub, in a busy, central location

The Lamb is situated in the heart of the busy and bustling Romford market place. Due to its location, this site currently attracts trade throughout the day and into the evening. The Lamb offers value food, quality beer and live sport, with Sky and BT sports regularly showing with a loyal and regular customer base taking advantage of this. There is a large and traditional bar area, which means regular evening entertainment should be high on your agenda. There is high footfall in the area, Romford market operates on Wednesday, Friday and Saturday and is known as one of the oldest markets in the country, having been established in 1247. There are also various shops and other amenities around the area including a Hotel opposite, ensuring there are always people passing by at all times of day.

There are three bar/drinking areas and one main dining room. There are forty food covers throughout the Pub. The commercial kitchen is to the rear and has 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

Romford is a large Town in East London in the borough of Havering and is approximately 14.1 miles northeast of Charring Cross. Romford is known as one of the largest commercial, retail, entertainment and leisure districts in London.

L

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
“ I am looking for an operator with local knowledge to take hold of the Lamb and help it reach its full potential. The successful candidate will take the current food offer and improve upon it, as this is where the site can see its biggest growth area. Also, evening entertainment will be key, as well as continuing to maximise the live sport which is shown here. This Pub is brimming with character and charm, so if you can build upon the already busy day trade, we are keen to hear from you ”