The Old Cherry Tree, Great Houghton
Two Months Rent Free Offered

The Old Cherry Tree, Great Houghton

  • The Old Cherry Tree, Great Houghton gallery image
  • The Old Cherry Tree, Great Houghton gallery image
  • The Old Cherry Tree, Great Houghton gallery image
  • The Old Cherry Tree, Great Houghton gallery image
  • The Old Cherry Tree, Great Houghton gallery image
  • The Old Cherry Tree, Great Houghton gallery image
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Key Highlights

  • Charming old English pub, full of character and traditional atmosphere Large, attractive patio area ideal for alfresco drinking
  • Lovely beer garden
  • Within easy reach of Northampton
  • Ideal for operator(s) with a passion for great food
  • 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 its surrounding villages. With a great range of cask ales and premium wines it also enjoys considerable custom from the residents of Great Houghton, while its private dining area / function room and ample parking lend it the versatility to cater to business meetings and dinner parties. Its 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:

Security Deposit in the region of
(paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement, or £10,000 if Ltd company

£7,000

 

Fixtures and Fittings estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. The successful applicant must reply upon the valuation provided by their appointed licensed trade valuer in relation to the actual sum to be paid.

£25,000

Stock and Glassware in the region of
(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.

£4,000

Valuers Fees in the region of
(paid to valuer) for valuing fixtures and fittings.

£800

Training Course Fees per person
(payable to Wells & Co. Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.

£550

Administration Fee in the region of
(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.

£400

Advance Rent in the region of
(usually 1 month)   

£0

Minimum Working Capital Required 

£7,000

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.

£19,750

 

Ongoing Costs

Rent in the region of
(payable monthly in advance)

£28,000

Service Charge in the region of
Payable `onthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)

£1,820 pa

Accountancy Services in the region of
fees for a nominated accountant

£2,600 pa

Stocktaking Services in the region of
We recommend all licensees should have six professional stocktakes per annum

£1,560 pa

Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Two Months Rent Free Offered
Cherry Tree Lane, Great Houghton, Northamptonshire, NN4 7AT
Destination food
Potential Partner Profit 28k pa
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team