Property Description
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…
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.
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.
For full licensing details, please refer to the premises license.
Agreement Type
Foundation Tenancy
Property Facilities
Kitchen
Live Sports
Parking
Outdoor Trade
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
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
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.
* 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
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
