Maltsters Arms
2 London Road, Abridge, Romford, Essex, RM4 1UX
A PUB THAT'S PACKED FULL OF CHARACTER
The Malsters Arms, is an 18th century public house, which was formerly two residential properties. Having been traded as a lifestyle business for many years, the pub now offers an outstanding opportunity to grow beer volume and sales. The new partner will need to establish an excellent range of beers and other drinks, and a great pub food offer. The interior of the pub is full of charm with many beams and other traditional features throughout. Lying in the heart of the village, the area is steeped with a rich history in a beautiful part of Essex.
Bar
Kitchen
Patio
Location
Abridge is a village in Essex. It is on the River Roding, 16 miles southwest of the county town of Chelmsford. The village is in the district of Epping Forest and in the parliamentary constituency of Brentwood and Ongar. It is part of the civil parish of Lambourne and is served by Lambourne Parish Council.
Business Information
Annual rent
£26,000
Weekly rent
£500
Entry costs
£33,875
Turnover royalty
n/a
Forecasted Operator Turnover
£274,014
Forecasted Operator Profit (inc machine profit)
£26,087
Forecasted Operator Machine Profit
£8,000
Average Beer & Cider Discount*
£72
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term. Machine income retained by operator.
Entry cost is approximately £33875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20000. 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
£6,000
Fixtures & Fittings
£20,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£5,000
Other Costs
£1,150
Total Entry Costs
£33,875
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 41 | 54 | 21 |
| 2022 | 53 | 52 | 457 |
| 2021 | 57 | 63 | 549 |
As you walk into the pub, the bar is ahead of you which loops around the main part of the pub with seating area either side and a pool area. Externally, there is a pleasant beer garden to the rear.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
50
Trade Gardens
0
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
10
Current Premises Licence Opening Hours
Mon-Thu: 11:00-23:30
Fri-Sat: 11:00-01:30
Sun: 12:00-23:00
The accommodation comprises 4 bedrooms, lounge, kitchen, toilet and bathroom.
Private Rooms
8
Lounge
1
Dining Rooms
0
Double Bedrooms
4
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
0
Bedsits
0
I’m looking for an ambitious individual or couple to bring this pub back to its former glory. There is a huge opportunity here to transform the trading of this pub without losing its rich history.
James Pearson, Business Development Manager
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