Lamb Berkhamsted

277 High Street, HP4 1AJ

  • Lamb Berkhamsted
  • Lamb Berkhamsted
  • Lamb Berkhamsted
  • Lamb Berkhamsted
  • Lamb Berkhamsted
  • Lamb Berkhamsted

Lamb Berkhamsted

Great Location

Berkhamsted is a picturesque market town, surrounded by a number of affluent villages. With 6,000 adults living within half a mile of the pub, and 80% of the surrounding community on above average income, this provides a fantastic opportunity to run a premium local pub. Located on the high street of Berkhamsted, The Lamb also benefits from a high footfall and is easily accessible by public transport, making it the perfect location to attract locals and visitors alike.

Great Potential

Most of the surrounding competition are food-based venues, giving The Lamb a unique appeal, with its added premium drinks range. The incoming lessee will be able to capitalize and expand on this opportunity, offering a very premium venue, perfect for its affluent customer base.

Pub Features

  • Refurbishment Planned
  • Catering Kitchen
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Post-refurbishment, The Lamb will be traditional and stylish pub with a premium finish. The pub will offer:
  • A premium, traditional bar, with a relaxed ambience.
  • A great drinks selection, including premium wines and spirits, beers and cask ales - all served to the highest standards, suitable for an affluent and discerning customer base.
  • A simple yet delicious menu offering great pub food and bar snacks.
  • A delightful beer garden, perfect for the warmer months.

Private Accommodation

The private accommodation of 2 bedrooms, a kitchen and living room area and a bathroom. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right

Premises Licence Details

Please refer to Premises License for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 01:00 10:00 - 01:00 12:30 - 23:30

Financials

Annual Rent £
67,750
Estimated Annual FMOP (Licensee Profit) £
69,187
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
616,068
Estimated Annual Barrelage
301

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
72,861
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,500
Deposit Amount £
16,938
Rent In Advance £
5,646
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
320
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
104,255
Estimated Minimum Ingoing Costs £
92,988

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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 assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased