Exceptional Well Presented And Highly Profitable Pub And Restaurant For Sale in Southam- Business 4 Sale .co.uk

Business Summary

THE BUSINESS
Current sales are running to £600,000 inc vat on a split of 75% wet to 25% Dry showing an continuous growth pattern with a GP of 52% i.e.£260,000. Wages show 20% of net sales even though the “lady of the house” presently does not work within the business and the partner is suffering from ill health, hence the reason for the sale of the business. Working on these “numbers” it would be expected to achieve Net Adjusted Profits well into 6 figures having paid all trade expenses and rent, after allowing for personal expenses, one off payments and adding back wages paid to replace the owners input into the business.
Monthly Management reports by ‘Roslyns’ demonstrate consistent net profits of £8,000 to £9,500 per calendar month indicating an annual net profit well into 6 figures.

CARRY ON THE GREAT TRADITION OF THE GREAT BRITISH PUB IN A GREAT BRITISH PUB WITH LIFESTYLE AND EXCEPTIONAL LEVELS OF SATISFACTION AND ROBUST PROFITS.

Property Information

	Property:	Leasehold

	Lease Terms:	TENURE We are instructed to offer the property and business for sale as a lease assignment of a rare 3+3 “rolling” lease from S & N. The lease is fully protected under the landlord and Tenant Act therefore automatically renewable under no less favourable conditions at the end of each period at no further cost or premium. Rent is £44,000 p.a. (6.9% rent to net sales) plus a “franchise” fee payable as a % of sales which is set against other costs such as accounting. The business is Free of Tie for Wines and Spirits and discounts of £50 per barrel are passed onto the lessee. Unusually there are no major property repair responsibilities within the lease, virtually internals only.

	Current Rent:	£44,000 p.a.

	Living Accommodation:	Yes

	Details of Accommodation:	OWNERS ACCOMMODATION Well presented and maintained living spaces include 3 double bedrooms, Large family kitchen with built in units, modern family bathroom, and generous private lounge. there is plenty of storage and unusually a private garden with timber decking.

	Location:	LOCATION (CV47 0ET) www.bowlinggreensoutham.com Southam is a small market town situated in the Stratford-upon-Avon district of Warwickshire where the A423 Coventry to Banbury road converges with the A426 from Rugby and crosses the A425 Daventry to Leamington Spa road. The town had a population of approximately 7,500 and has seen significant development in recent years. It retains a range of shops, banks, local services and facilities including three primary schools, a secondary school, children's centre, leisure centre, library, medical centre, police station and post office. In addition the town hosts a market each Tuesday and a farmers market on the second Saturday of every month. The town centre has been designated as a conservation area whereby developments and changes of use should respect the special qualities and historic context of the area in terms of design and materials. The valley of the River Stowe from the town centre to the Holy Well has been designated as an area of restraint, which confirms its value as open space within the natural environment. There are transport links which connect the town with Leamington Spa, the nearest town approximately eight miles away, Rugby, Coventry, Stratford-upon-Avon and nearby villages. Southam serves as a local centre for the villages around it, including Long Itchington, Stockton Napton, Ladbroke, Bishops Itchington, Harbury and Ufton. The town centre and conservation area has, by its very nature, many landmarks in the form of listed buildings such as the Manor House (the subject of a remarkable renovation programme) and St James Church (grade one listed and of exceptional interest). This pleasing historic market town has many community based events such as the Mop Fair, May Day Fare and an annual carnival which attracts visitors from far and wide. The business sits fronting Coventry Street. What the customers have to say……………. “I have to say I like this place. Beer is served very well. Who ever looks after the cellar knows what they are doing. 3 Ales on my visit including St Austell Tribute, Courage Directors and Bombardier. Also has the usual lagers and ciders but does serve Amstel. Also has a wide list of spirits and wines. I have eaten here before but not on this visit but from my past eating experiences I will very much recommend this place “

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

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