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Cherry Tree, Ingoldmells

Ingoldmells, PE25 1JP

Your investment

£25,000

Agreement Type

Tenancy

The Cherry Tree has a main road location 200 meters from Butlins Holiday Centre and adjacent to the Sealands and Coral Beach caravan parks. Having suffered a fire in early 2020 the pub has been completely rebuilt internally and is as new.

The Cherry Tree has a main road location 200 meters from Butlins Holiday Centre and adjacent to the Sealands and Coral Beach caravan parks. Having suffered a fire in early 2020 the pub has been completely rebuilt internally and is as new.

Pub Layout

The main trading area is open plan and will seat up to 100 people with a separate conservatory for another 20 seats. A function room upstairs will seat 40 people. The back of house is huge with a large well-equipped catering kitchen, ground floor beer cellar and many further storage rooms. There are two sets of toilets one at each end of the ground floor. Externally there is a decked drinking area, car park and smoking solution. .

Prominent well-known, large stand-alone destination food pub. People walking between Butlins, the beach and funfair pass straight by the pub which means plenty of passing trade.  Historically traded as a destination food venue a short walk from the main Ingoldmells caravan sites and the Butlins holiday centre.

Private Accommodation

The private accommodation has been totally refurbished and is as new and un used, and consists of three bedrooms lounge and new kitchen and bathroom

Annual Rent: £42,000

Security Deposit: £10,000

Working Capital: £10,000

Stock: £5,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

A daily carvery offer and mid-market home-cooked food. This site is extremely busy in the summer season so requires an experienced operator preferably with high volume food experience. The winter months are quiet with local trade only so being able to live a life of a quiet winter and busy summer is important.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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