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GUARANTEED RETAINED ANNUAL SUM

Cherry Tree

Dereham Road, Norwich, Norfolk, NR5 8TD

Ingoing Cost: £5,360
NO RENT PAYABLE ON THIS AGREEMENT

Description
Requirements
Benefits

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Beer Garden

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External Drinking Area

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Car Park

Property details

The Cherry Tree is a popular, wet led pub located just outside the centre of Norwich. It benefits from a steady, loyal customer base throughout the day, and the pub is part of a circuit for drinkers visiting on the weekend.

The pub has a traditional local feel to it with a large bar as the main focal point. There is a pool room and some cosy corners in the main trading area.

Externally, there is a fantastic area with the added benefit of an outside bar.

The private accommodation consists of three bedrooms, a lounge, an office, a kitchen, and a bathroom.

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Catering Kitchen

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Team Games

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Pool Area

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Live Entertainment

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Experienced Operator

Trading style

With a large commercial kitchen in place, there is huge potential for food sales growth; therefore, an Operator with food experience is essential to drive and deliver the landlord's company menu.

Live music and events are a key aspect of the business, so the pub will need an Operator who can organise and market these events to pull in the community. See and market these events to pull in the community.

Key financials

Reference Number: PSCFKB / 39392
Agreement Type: Operator Agreement

Min Ingoing Cost: £5,360.00
Annual Rent: NO RENT PAYABLE

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please be aware that energy performance certificates are available from the landlord.

Currently, the pub is split 90% wet, 10% dry, and delivers weekly sales of around £10,000.

What’s in it for you?

22% share of weekly sales (excluding VAT) plus a guaranteed annual retained sum of £25K (released weekly)
Low ingoing costs, deposits starting from £5,000, and £360 legal costs. (*deposits can vary depending on business*)
Accommodation included with most bills covered, except the council tax & TV License.

TOTAL INGOING £5,360

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MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.

The information and images displayed about this property comprises a property advertisement. FindMyPub.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and FindMyPub.com has no control over the content.