Lamb

5 Market Place, Romford, Essex, RM1 3AB

A traditional Pub in a busy 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.

Location

Business Information

Annual rent

£25,000

Weekly rent

£481

Entry costs

£30,125

Turnover royalty

n/a

Forecasted Operator Turnover

£292,733

Forecasted Operator Profit (inc machine profit)

£24,202

Forecasted Operator Machine Profit

£5,000

Average Beer & Cider Discount*

£144

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £30,125.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £16,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£6,250

Fixtures & Fittings

£16,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£30,125

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 127 519 1,831
2018/19 279 1,257 5,480
2017/18 268 393 3,814

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 Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun - Thu: 06:00-01:00
Fri - Sat: 06:00 - 02:00

In need of decoration and open to discussions.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an operator with local knowledge to take hold of the Lamb and help it reach its full potential. This traditional, busy Pub is in need of a new lease of life and we will work with you to ensure this happens. If this opportunity excites you, then please contact the recruitment team for further information

Tim Sparrow, Business Development Manager

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