Cherry Tree
High Street
Steventon
Oxfordshire
OX13 6RZ
Est. Ingoing Costs £23,000
More about The Cherry Tree
We are looking for new business partners with experience in the hospitality industry. With the knowledge and understanding to operate a larger site with letting rooms. They must have good food knowledge, preferably chef experience and proven customer service skills.
The split is generally 50% wet, 40% food and 10% on accommodation. It has a great local following with visitors from the surrounding villages. There is opportunity for a fantastic food offer using its fully equipped trade kitchen. The letting rooms are an excellent addition to this great site, they are comfortable and in good decorative order.
Fixtures & Fittings £27,500
- Deposit £8,000
- Stock (estimated to be) £5,000
- Working capital (minimum) £10,000
- Total (circa) without fixtures and fittings £23,000
Internally the pub is quite spacious and has in the region of 90 covers. The entrance from the car park leads you through the courtyard. Upon entering the pub, you step into what is currently known as the breakfast area for its B&B guests. It benefits from 2 separate bar areas, each with its own dining spaces and bar seating.
The letting rooms consist of 3 Double Rooms in the main building and 4 Rooms around the courtyard (2 king-size and 2 twins). One of the King-size rooms has an interconnecting door to one of the twins.
External Areas
The courtyard is a great outside space, the perfect sun trap during spring and summer, it has previously been used all year round with the use of a stretch tent and gazebo style covering. It currently has 40 covers. There is alarge car park with capacity for 30 cars including 2 disabled bays.
Open plan kitchen and living space with two bedrooms, bathroom, and separate WC.
For more advice on taking a pub tenancy and benchmarking costs of similar pubs, go to:
BBPA: www.beerandpub.com
ALMR: www.almr.org.uk
BII: www.bii.org
PEAT: www.bii.org/BII/Industry-Advice/PEAT.aspx
Code of Practice Tenants: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Tenants.pdf
Code of Practice Lessees: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Lessees.pdf