5 Market Place, Romford, Essex, RM1 3AB
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.
In need of decoration and open to discussions.
|Annual rent||£34,150 per annum|
|Weekly rent||£656.73 per week fixed|
£34,150 per annum, £656.73 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
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).
|Fixtures & fittings||£18,000||Working capital||£5,400|
|Other costs||£1,150||Total entry cost||£32,200|
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.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
Located in the centre of Romford on the doorstep of the busy and bustling market place.