Cherry Tree
Cherry Tree
High Street,
Kingston Blount,
Oxfordshire,
OX39 4SJ
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Description
NEWLY REFURBISHED TRADE AREAS. The Cherry Tree is a delightful rural country inn with a good reputation for food, and the added benefit of 4 en suite letting bedrooms. In an ideal location close to the M40, the Cherry Tree is a strong multi-faceted business that will suit experienced operators looking for a food led opportunity.
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Letting Details
Description & trading style
The Cherry Tree is a delightful rural village pub, yet on a busy road and close to the M40 junction 6. It has an excellent reputation for food, both locally and from the wider area. 4 en-suite letting bedrooms complement the pub and food trade.
Location & local amenities
The pub is situated in the village of Kingston Blount on the B4009 road to Chinnor and is a very short distance from the M40 junction 6. The nearby towns of Thame, Chinnor and Watlington have a variety of shops and amenities plus good schools in the local area.
Accomodation
Trade: Bar and restaurant areas, trade kitchen, cellar & stores. 4 en suite letting bedrooms, car parking and front patio area.
Private: 3 bedrooms, bathroom, sitting room.
Current & future markets
With a solid food reputation, and good bar trade, new operators can build on this base. In addition, the 4 popular en suite letting rooms present an attractive additional income stream.
Requirements
We seek applicants with experience in delivering quality modern food. A friendly relaxed approach is needed to maintain the pub feel. Experience of dealing with letting accommodation would be an advantage, and a personal licence will be required.
Estimated ingoings
£37,000 to includea security deposit (3 months of base rent), rent, service chrage and insurance advance, stock, glassware and loose goods, training deposit, inventory and working capital.
| Trading Volumes | 2008 | 2009 | 2010 | 2011 |
|---|---|---|---|---|
| Draught Beer and Cider (36 gallon units) | 73.5 | 66.2 | 55.7 | 57.3 |
| Packaged (litres) | 273 | 274 | 143 | 153 |
| Minerals (10 litres) | 384 | 288 | 161 | 186 |
| Spirits (litres) | 138 | 127 | 70 | 70 |
| Wines (litres) | 2,28 | 1,03 | 891 | 876 |
Estimating turnover
You will need to estimate the turnover you expect from the pub. The current barrelage will be given to assist you with calculations, but you need to estimate the food sales.
Guide rent
£40,000 per annum headline, but we will discuss a time period with you in which to build up to this level. Rent is payable fortnightly in advance by direct debit. Retail Price Indexation applies to rents.
Terms
Three year tenancy agreement to include an annual service chrage that covers property insurance, servicing of heating and cellar equipment etc.
Rateable value
Draft rateable value £22,000. Please check actual rates payable with the local authority.
Licenses & permits
Sale of alcohol by retail for consumption on and off the premises.
Permitted hours
Mon - Thurs 09:00am - 00:15am
Fri & Sat 09:00am - 03:15am
Sun 09:00am - 00:15am
