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The Cherry Tree is an exciting opportunity , it is situated on the main road from Skegness to Ingoldmells, 200 metres from the popular Butlins Holiday Centre. A short walk from the beach, the pub benefits from a vast amount of passing trade as it is surrounded by a number of popular caravan parks. The pub has undergone full refurbishment in March 2022.
Pub Layout
The main trading area is accessible via two separate entrances from the car parks, is open plan and will seat up to 100 people with a conservatory for another 20 covers. A mix of fixed and loose furniture allows a variety of seating configurations to be used, and a fixed carvery deck has been installed at the end of the bar. The back of house areas are very spacious, with a large well-equipped catering kitchen accessed from the bar area, ground floor beer cellar and a number of additional storage rooms. There are two sets of toilets at ground floor level, one at each end of the building. On the first floor, there is a function/meeting room featuring a bar servery and dancefloor area this is a great space and should be utilised all year round. Externally there is a decked seating area along with car parking to the front and rear of the pub.
The private accommodation is in good order, having been refurbished at the same time as the pub, and consists of three bedrooms, lounge, kitchen and bathroom.
Annual Rent: Rent steps available through the winter months due to seasonality. Headline £38,000
Security Deposit: £5,000
Working Capital: £2,500
Stock: £2,500
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.
We are looking for an experienced licensee (s) who is familiar and comfortable with high-volume food operations to take this pub to the next level. The opening hours should be maximised by a breakfast offer and regular carvery, alongside value for money offers targeting mid-market patrons. Off-season residents of the local holiday parks provide an excellent opportunity for year-round trade to compliment the busy peak season, and potential operators should have a strong marketing plan in place to maximise both the busier and quieter trading periods. Experience with running a seasonal pub would be advantageous.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group 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.
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