Cherry Tree Witham

Cressing Road, Witham, Witham CM8 2NW

  • Cherry Tree Witham
  • Cherry Tree Witham
  • Cherry Tree Witham
  • Cherry Tree Witham
  • Cherry Tree Witham
  • Cherry Tree Witham

Cherry Tree Witham

Great Community Pub

Standing in a great location, recently refurbished and with a stunning outside trading area, The Cherry Tree has it all. Situated on a main road through Witham and surrounded by many residential properties, The Cherry Tree is ideally placed to be the family pub of choice for the local community. This family friendly pub is surrounded by affluent residents looking for a comfortable, stylish pub to enjoy a relaxed, delicious meal and drink.

Community Operator Wanted

Do you value excellent customer service and seek to create a customer experience? If so we want to hear from you.
Can you create and deliver a great food and drink offer combined with a fantastic, year round schedule of events? The Cherry Tree needs a publican who is committed to really going the extra mile for the local community whilst also pulling in visitors from further afield.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Live Sports
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The inside of the Cherry Tree is traditional but contemporary and centre round the large wooden bar. With ample space for diners and drinkers the pub also caters for sports and pub games fans. There are lovely exposed wooden ceiling beams and the finishes are warm and inviting and to a high standard. The well-equipped catering kitchen can support a full range of family friendly meals from breakfasts to buffets. Externally the pub is very impressive and real landmark in the local area, the large beer garden is a huge asset and adds a whole new dimension to the venue. The pub is supported by a car park.

Private Accommodation

The private accommodation consists of 3 bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 12:00 - 00:30

Financials

Annual Rent £
21,250
Estimated Annual FMOP (Licensee Profit) £
23,149
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
306,801
Estimated Annual Barrelage
200

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
3,495
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,500
Deposit Amount £
5,313
Rent In Advance £
1,771
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
12,466

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Wet & Dry - from 6,108pa

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased