The pub trades as a traditional drinks-focused pub with televised sports enhanced with Sky Sports and BT Sports. Live entertainment such as Karaoke and live artists is well supported by the local community. There is the opportunity to add income from developing a small back bar food offer, i.e., sandwiches and hot pies.
Accommodation: Private accommodation consists of 2 large bedrooms, 1 small room, a lounge, kitchen, and bathroom. The office is situated on the ground floor.
Financial:
* Annual Rent: £12,000
* Security Deposit: £5,000
* Working Capital: £2,000
* Stock: £1,500
* Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long-term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
BDM Vision: The Lamb is a beloved community pub seeking an individual or couple with strong ties to the area and a solid understanding of online marketing platforms. Alongside maintaining a consistent weekly schedule, introducing a back bar food menu could significantly boost the pub’s revenue streams. Additionally, optimizing the pub’s offerings for televised sports and entertainment events would further enhance its appeal to customers.
Future Plans:
Additional Information:
* Annual Rent: This is our lowest rent figure associated with a Full Tie. If the tie is reduced, the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed.
* Security Deposit: This sum of money will be held on your account and will be returned to you upon exiting the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent.
* Working Capital: This is a recommended amount required for the day-to-day running of the business.
* Stock: This will be valued by an independent valuer on the day you take over the pub.
* Fixtures & Fittings: This includes any item that is bolted to the floor or walls, and fittings that are free-standing or hung by a nail or hook, including furniture.
* Training: £350.00 – Before signing a long-term agreement, you will be required to attend our 7 Steps to Sales Success training program.
* Service Charge Cost: £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations.
* *Zero Business Rates: Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee.
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