Back to Search results

Lamb, Newport

Newport, NP20 4AL

Your investment

£9,000

Agreement Type

Tenancy

The Lamb is a charismatic pub situated in the centre of Newport, just minutes away from the train station. Newport is the third largest city in Wales with a population of one hundred and fifty thousand, it benefits from being just twelve miles north east of the capital city of Cardiff.

The Lamb is a charismatic pub situated in the centre of Newport, just minutes away from the train station. Newport is the third largest city in Wales with a population of one hundred and fifty thousand, and it benefits from being positioned twelve miles north east of the capital city of Cardiff. The Lamb is situated in the pedestrian area of the town and surround by plenty of passing trade. With the River Usk, local parks, train station and buses all within easy walking distance, there is plenty to explore and visit in Newport.

Pub Layout

The pub trades from one bar servery, which services the main trading space. The style of the pub is traditional and cosy with a modern touch and consists of mixed seating as well as eclectic tables and chairs. The commercial kitchen is situated upstairs and is capable of offering a superb food menu.

Business at the Lamb is predominantly drinks orientated with a vast selection of draft, spirits and real ales on offer. There is a well equipped kitchen at the site which is currently underutilised and is capable of offering a good food menu to grow trade and attract new custom. Televised sports are offered currently, and a weekly quiz also brings in trade during the evening. Live music acts frequent the venue and this is popular with the locals.

Private Accommodation

There is no private accommodation at the Lamb.

 

Annual Rent: £17,000

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

Fixtures and Fittings: Upon Valuation  – funding options 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.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Lamb would suit an individual or couple who have previous catering experience to re-launch the food offering through a seasonal and vibrant menu. You will need the flair and passion to bring something different to The Lamb as there is a lot of competition in the local area. The pub will need to stand out from the crowd to attract new custom and once again make it the place to go in the city centre.

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 on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in 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. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


Keep up to date with vacancies

This field is for validation purposes and should be left unchanged.