Priory Tynemouth
Front Street, Newcastle, NE30 4DXAgreement Type:
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Lambs Arms Crawcrook
Lambs Arms Crawcrook
Jubilee Terrace, Crawcrook, Ryton, NE40 4HL Pub Code: 0070386101
Pub Code: 0070386101
Foundation TenancyEst Min Ingoing Costs: £10,321
Annual Rent: £21,857
The Lambs Arms is a well-established local pub in the semi-rural village of Crawcrook, close to the western border of the metropolitan county of Tyne and Wear. Located just from the Main Street, the Lambs Arms has great kerb-appeal thanks to its distinctive red brick and great signage.
It has a great community food offering and has a deserved reputation for its home-cooked classics and traditional Sunday lunch. The pub also boasts great sports teams including darts, pool and football.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Lambs Arms will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The pub consists of an open-plan trading area, roughly split into 3 sections: main bar, small dining area, and games area with pool table. It is decorated in traditional style and is in good condition throughout. The kitchen is in immaculate condition and large enough to support capacity at site.
A small car park is located at the back of the pub along with a beer garden to maximise trade.
Private Accommodation
The private accommodation consists of four bedrooms, lounge, kitchen/diner, bathroom and office. There is also a 1-bedroom, self-contained flat that can be used for staff. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Estimated Total Ingoing Costs
£31,964
Estimated Minimum Ingoing Costs
£10,321
Annual Rent
£21,857
Estimated Annual Turnover
£360,929
Deposit
£5,464
Estimated Fixtures & Fittings Value
£18,000
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Jubilee Terrace, Crawcrook, Ryton, NE40 4HL
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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