Are you looking for pubs to lease in the Newport area ? Why not run ‘The Lamb’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Lamb is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pubs To Lease In Newport – The Lamb Is Now Available !
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.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pubs To Lease In Newport – The Lamb Is Now Available !
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.
The Lamb, Newport
Annual Rent: £17,000
Security Deposit: £,5000
Working Capital: £2,000
Stock: £2,000
F&F: Funding options may be available for the right licensee
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Additional Info
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 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.
Service Charge Cost – £57.60 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff.
Ingoing Cost: 9000
Annual Cost: 17000
Pubs To Lease In Newport – The Lamb Is Now Available !
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 fair amount 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.
