Licensee - The Lamb, Worthing

Location
Worthing, West Sussex
Salary
Business Opportunity
Posted
20 Aug 2017
Closes
20 Sep 2017

Licensee - The Lamb, Worthing

Minimum Ingoing Costs: £12,219

Annual Rent: £34,250

Annual Turnover: £419,600

Subject of a proposed refurbishment, the Lamb is a pretty traditional pub situated in a suburban district of Worthing, a popular sea side town. The outlet occupies a prominent corner site position. It is ideally located opposite a recreational park and next door to a parade of popular retail shops and other leisure units. The local demographics feature a high mix of families with steady incomes and elderly people and this lends itself to the pub developing a profitable food offer.                                                        

In good condition throughout, this popular community local pub supports a strong wet led trade, alongside its close ties to the community and encourages sports, pub games and entertainment. With a 90 to 10 wet to dry sales mix, trading area for over 40+ guests and planned investment, there is great potential to deliver a good food offer and boost income. This site would ideally suit an experienced couple or family who can develop the drinks trade and create a simple food offer for the local community which will be the key to the long term success of this business.

Important information

Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.