Tenancy - Lamb

Location
BN7 2DG, Lewes
Salary
Business Opportunity
Posted
05 Sep 2017
Closes
05 Oct 2017

Tenancy - Lamb, Lewes

PUB OVERVIEW
Historic town centre pub famous for quality cask ales and live music.
This site is popular with live music and cask ale. It has a large central trade area and a sheltered
beer terrace outside - an experienced licensee is required to further develop the business and to
grow additional income opportunity by introducing a food offer.

BUSINESS INFORMATION
Entry cost from: £28,800.00
Annual rent: £34,664.00 per annum
Agreement : Tenancy – Standard Tenancy
Type of Tie: Partial tie: Tied All Beer & All Cider

LOCATION
Strategic Lewes Town centre location just off the high street and on the main town circuit. Surrounded by residential/commercial and retail premises in the heart of historic Lewes.


CURRENT PREMISES LICENCE OPENING HOURS
Sunday to Thursday 09:00 to 00:30 Friday & Saturday 09:00 to 01:30

TRADE SPACE
The Lamb has a long central bar servery with a spacious trade area,
there is a separate smaller bar that could be used as a second drinking
space or private room. The pub does require some investment with
regards to the kitchen and decoration of the trade space.


Bars 2
Gardens 1
Trade kitchens 1
Patio areas 1

PRIVATE ACCOMMODATION
Private accommodation comprises 2 bedrooms, office, toilet, bathroom
and living room.
PRIVATE SPACE
Private Rooms 6
Lounge 1
Single Bedrooms 1
Double bedrooms 1
Bathrooms 1
Toilets 1
Office 1

FINANCIAL INFORMATION
Entry Costs approx £28,800 which includes fixtures and fittings, stock,
glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers
and stocktaking fees, training fees, schedule of condition, working
capital and deposit (25% of head rent, minimum £6,000).

RENT INFORMATION
Annual rent £34,664.00 per annum
Weekly rent £666.62 per week fixed
Notes £34,664 per annum, £666.62 per week fixed and
subject to annual RPI increase, which is capped.
Paid weekly by direct debit. *Machine Income
free of tie*
Brokers £675.00 Legal £825.00
Deposit £6,000.00 Stocktaking fees £150.00
Fixtures & fittings £12,000.00 Working capital £4,000.00
Other costs £5,150.00 Total entry cost £28,800.00

ESTIMATING TURNOVER
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.


WHY CHOOSE US?
By choosing Greene King, you’ll be joining one of the Uk’s most successful and respected leased and tenanted pub companies. With a heritage of
running pubs and brewing beer that can be traced back over 200 years, at Greene King we’re proud of our history and confident that, as the
country’s leading pub retailer and brewer, we can help make your pub the success it deserves to be.

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