Cherry Tree

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

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.

Location

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.

Business Information

Annual rent

£50,000

Weekly rent

£962

Entry costs

£42,375

Turnover royalty

n/a

Forecasted Operator Turnover

£560,214

Forecasted Operator Profit (inc machine profit)

£49,596

Forecasted Operator Machine Profit

£6,000

Average Beer & Cider Discount*

Blended £72

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

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

Entry costs approximately £42,375.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £22,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£12,500

Fixtures & Fittings

£22,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£42,375

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 111 1,743 17,583
2017/18 120 2,123 17,096
2016/17 129 2,038 17,675

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 Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

100

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

48

Current Premises License Opening Hours

Mon - Sun: 08:00 - 01:00

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

Private Rooms

6

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

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?

Lee Jarvis, Business Development Manager

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