LOCATED OFF TOWN CENTRE SOUTHAM, A POPULAR COMMUNITY PUB WITH A STRONG POTENTIAL TO DEVELOPE A FOOD OFFER FROM AWARD WINNING WARWICKSHIRE CRAFT BREWERY
A RARE CHANCE TO “PARTNER” WITH A SMALL ENTHUSIASTIC MICRO BREWERY OPERATING ONE OF ITS “BREWERY TAPS” INGOINGS £7750 INC BOND + S.A.V.
- Wet driven with further food potential – circa 250 Beer Brls P.A. projecting a Wet 60% GP
- A capacity of circa 80 through well presented public areas from central bar
- External drinking area to rear with family facilities + town centre parking
- Locale with high disposable incomes + tourism
- 4 bedroomed owners accommodation
- 3 year Rolling agreement with 3 months notice
LOCATION (CV47 1PH)
Southam is a small market town and civil parish in the Stratford-on-Avon district of Warwickshire, England. Southam is on the River Stowe (called 'The Brook' by many locals), which flows from Napton-on-the-Hill and joins Warwickshire's River Itchen at Stoneythorpe, just outside the town. The town is about 7 miles (11 km) east of Leamington Spa, about 10 miles (16 km) from Rugby and Daventry, 13 miles (21 km) south of Coventry and 14 miles (23 km) north of Banbury. The 2001 census recorded a parish population of 6,509. Southam has three primary schools and a secondary school (Southam College) that has about 1,000 pupils from Southam and local villages. There is a leisure centre with swimming pool and gym next to the school. The main shopping street runs through the centre of town. Each Tuesday there is a small but popular market on the upper part of the town centre's Wood Street car park. Market Hill has a farmer’s market on the second Saturday of each month. There is a range of shops in the town centre, a post office, a newsagent, an optician, a pharmacy, a hardware store and undertaker, a carpet shop, a stationery and print shop, a dry cleaner and laundry, a bridal shop, two florists, two ladies clothes shops, other small specialty, gift shops, and charity shops. Southam is a small historic coaching and market town situated in the heart of rural Warwickshire popular as a tourist “stop off” for independent travelers and coaches alike. It is also the home of Warwickshire Polo with the superb Dallas Burston Polo Grounds situated on the edge of the town. The town is first mentioned at the end of the 10th century, although there were probably earlier Anglo Saxon and Roman settlements. It was a stopping place on the route of the Welsh Drovers and later coaching routes to London. Today the town retains many interesting historical buildings and has been designated as a conservation area.
WHAT THE CUSTOMERS SAY............
“It is good to see that some old places are preserved as it is. The Market Tavern At Southam is a bright but traditional pub with a friendly atmosphere located opposite the Market in Wood Street with a car park at the rear. There are low ceilings, split levels and real fires in both rooms and a Plasma TV screen for sporting events, jukebox and gaming machines in the bar. Six cask ales are always available including occasional guest ale from other brewers. Food is served every lunchtime and evening. Tea & coffees are always available.”
The property is of stone construction under pitched tiled roofs and a medieval period frontage. The trading areas can accommodation around 50 plus standing within a pool/ games area, cosy snug with open fire and “in set” window seat, along with a room suitable for eating within and has a “state of the art” Plasma TV screen. Floors are of a hard exposed finish and there are low beams throughout . The CATERING KITCHEN is fitted with industrial units. LADIES & GENTS facilities are provided internally. BEER CELLAR is “role in”.
The owners have use of generously arranged 4 good bedrooms, private lounge, family bathroom and kitchen
There is an extensive outside area at the rear with a lawned garden and patio for outside dining and a smoking area. Car parking is available for 20 vehicles.
We are advised that the business has a Premises licence that allows opening of 10am through until 12 midnight for The Sale of Alcohol. A Personal License will be required and our training associates can assist with this for you.
The business is offered on a 3 year rolling “traditional” brewers style agreement from The Warwickshire Beer Co who are renowned as a quality “craft brewer” Notice can be given by either party with a period of three months. The agreement with WBC is for a full tie however the price list reflects a potential 60% GP on both their products along with those supplied from third party suppliers which include national brands and other micro brewers. Invoices will be due for payment on the 2nd Monday following delivery which allows time for the beers etc to be sold. Rent payable will be £30,000+ VAT ( which is reclaimable) paid monthly in advance. A trading and rent deposit of £5,000 will be required along with a contribution of £2,750 towards the cost of selling the business.
Fixtures and Fittings will remain the property of WBC on a “put and make good” understanding. That is any repairs required will be at the cost of the Tenant. Property insurance along with F & F and license protection will be insured by WBC and applied as a second rent.
The Tenant will retain all machine/pool income and food sales. 3 References will be required by WBC.
We are advised that the pub benefits from all mains connected with central heating by way of gas. Business rates Payable are recorded as £7,625 p.a.
The business has been run under management however WBC has decided to offer the opportunity to an independent self employed publican who has the experience and drive to take the business to its next level and profit from their efforts. We are informed that the barrelage of the outlet is circa 250 p.a. (barrel = 288 pints) plus wines, spirits and mineral sales. Adding then an income from food sales ( the business is offered without the good will element therefore accounting / trading information will be limited) WBC has stated that the business has previously experienced a successful food operation which can easley be identified due to its locale.
THIS “TICKS THE BOX’S” WITH A LOW COST OF ENTRANCE IDEAL FOR AN EXPERIENCED COUPLE WITH A PASSION FOR QUALITY REAL ALES AND ABILITY TO DELIVER A FOOD OFFER.
Accounts information will be made available to interested parties after viewing.
Our associates will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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