Ideal for family dining

Cherry Tree

66 Fordham Road, Soham, Ely, Cambridgeshire, CB7 5AH

Gallery

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Pub overview

A gem of a Pub, is this the opportunity you have been waiting for?

The Cherry Tree is a value driven food business, with a strong wet trade. The Pub is popular with both local residents, families and passers by, who are looking for a good quality value driven meal, or a decent Pint. The site is well presented and well looked after, following an extensive refurbishment a few years ago. Externally the site offers a very large garden and large car park.
The future development of the Pub could well hinge around making the most of this vast garden. It really is big enough to offer various events, including beer festivals and private functions. Internally the Pub offers around one hundred food covers and has a large commercial Kitchen which is well established to cater for the current food offer.

As you enter the Pub from the front door, the trading space is split into three areas. Straight ahead you find the bar which is a central servery and this main area has food covers and booths dotted around with male, female and accessible toilets on hand as well as access to the garden. The right hand side of the Pub is a small dining area with a small bar servery, also with male and female toilets. The far left hand side of the Pub is a slightly bigger dining area with access to the rear garden, booths and tables like in the main area. In total there are approximately one hundred food covers. Behind the bar is a large commercial Kitchen, with access to external storage area. Externally there is a very large garden, with patio area and picnic benches and a large car park to the front and side, with approximately forty eight parking spaces.

Trade space
Bars 1
Car park spaces 48
Dining rooms 2
Food covers100
Gardens 1
Trade kitchens 1
Patio areas 1

2 double bedrooms, 1 single bedroom, kitchen and bathroom.

Private space
Private Rooms6
Lounge1
Double bedrooms2
Private Kitchen1
Bathrooms1
Office1

Rent information

Annual rent£62,000 per annum
Weekly rent£1,192.31 per week fixed
Notes

From £62,000 per annum, £1192.31 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Approx £42,725 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent).

Brokers£750Legal£825
Deposit£8,000Stocktaking fees£150
Fixtures & fittings£22,000Working capital£5,000
Other costs£6,000Total entry cost£42,725

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2018/191111,74317,583
2017/181202,12317,096
2016/171292,03817,675
Volume notes

Location

The Cherry Tree is located on the busy Fordham Road which runs right through the heart of the market Town of Soham. Soham is approximately eight miles north west of Newmarket, the Town known has the home of Turf racing and thoroughbred breading and approximately six miles south east of the historic Cathedral City of Ely. Soham is currently undergoing a continuous expansion, with houses constantly being built. The Pub is located right on the door step of two newly built housing estates, so appealing to families will be key.

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Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday to Sunday 08:00 - 01:00

Contact Us

Phil Arnold

Operations Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am seeking an experienced operator who really knows how to operate a vast value food business, whilst also attracting local wet trade. The site is situated on the busy main street which runs right through Soham and offers plenty of parking, whilst having numerous homes within walking distance. This is an exciting opportunity for an experienced publican looking for a new challenge, is that person you? ”