Gallery View
Key Highlights
- Charming thatched English pub and beer garden, full of character and traditional atmosphere.
- Ideal for an operator with a passion for great food
- Fair Maintainable Profit of £31,600 before drawings
- 2-bed private accommodation
- Payment plan available for fixtures and fittings
Pub Overview
The Old Cherry Tree is a beautiful 16th century thatched property in superb condition with a reputation for delivering a fantastic dining experience to affluent consumers from Northampton and surrounding villages. It also enjoys considerable custom from the residents of Great Houghton.
A great range of cask ales and extensive & premium wines, private dining area / function room and ample parking lend it the versatility to cater to business meetings and large dinner parties.
The well-kept, enclosed rear garden is the perfect place to enjoy a drink in the warmer months, while the charming open fireplace and wood-burning stoves inside make it the perfect winter hideaway.
Suitable Applicants
The Old Cherry Tree would suit an experienced operator with a strong catering offer and a desire to embrace village life and enhance the pub’s already strong status as a social hub in the area.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
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APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£26,000 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£10,000 |
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Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£480 |
|
Working Capital Minimum working capital required |
£7,000 |
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Stock & Glassware In the region of to cover the value of opening stock |
£7,000 |
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Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings |
£920 |
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Advanced Rent In the region of |
£540 |
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Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£29,000 |
ANTICIPATED RETAINED INCOME
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Drink Sales 0% |
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Food Sales 0% |
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Accommodation 0% |
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FMT = Fair Maintainable Trade |
Ongoing Costs
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Service Charge Payable monthly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£108 p/m |
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Accountancy Services Fees for a nominated accountant (in the region of) |
£99 p/m |
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Stocktaking Services Six professional stocktakes per annum recommended |
£29 each |
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Rent In the region of (payable weekly in advance) |
£540 p/m |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
