Southam, CV47

Established Freehouse For Sale In Southam

2 Bedroom Accommodation Above

Ref 2103

Location

The Black Dog public house is a grade II listed Georgian Regency property located in the ever expanding market Town of Southam, Warwickshire. It sits within a prominent high street location opposite the market traders who operate on Tuesdays and brings plenty of visitors to the town. The market area hosts many events throughout the year from carnivals, retro days and Christmas lights to name but a few. Southam has an abundance of new housing developments which will see the population increase from the current 6,000 up to 10,000 by December of this year. You also have easy access to main roads and motorway networks and you are just 7.5 miles from Royal Leamington Spa, 10 miles from Daventry & Rugby and 13 miles from Coventry.

Business information

Freehold Asking Price: £449,950

Turnover: £250,000 net of VAT

Gross Profit: 62%

Business rates: £16,500

Business Description

Veritas Business Sales are delighted to offer for sale this respected Public House which is located in the desirable market town of Southam, Warwickshire. The business has been established for over 100 years and has been in the careful hands of my clients for the last 5 years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have undertaken major refurbishment and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Currently owner operated with the help of 4 part time members of staff and posts a respectable annual turnover of £250,000 net of VAT. The Black Dog is a community pub with a warm and friendly atmosphere and draws a cross section of different age groups. They are renowned for the quality of their cask ales and by showing sky sports, pull in large crowds for major sporting events. We believe that there is further potential to increase trade should you wish to by introducing food sales. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established and highly profitable business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday - Thursday - 2.00pm - 11.00pm

Friday & Saturday - midday - midnight

Sunday - midday - 10.30pm

Ground Floor

Vestibule entrance

Open plan bar comprising: tables, chairs, bar stools and soft seating for (54) with 3 wall mounted TVs, juke box, lower level area with darts board and TV. Main bar servery with 8 keg & 6 cask pumps, 3 door drinks cooler, single door drinks cooler, 2 door drinks cooler, glass chilling fridge, sink, storage shelves and cash register

Gents W/C, urinals, hand wash basin and dryer

Ladies W/C x 2 with hand wash basin

Kitchen with sink drainer, work surfaces, fridge (Beko), small chest freezer, work tops, fitted base units, microwave and glass washer

Utility room with ice making machine

Cellar (Below ground)

Main beer cellar

Store room x 2

First Floor

(self contained flat which has been let for £550 PCM)

Door to entrance hallway with built-in boiler/storage area

Kitchen with sink drainer, fitted units, 4 ring electric hob/oven and laundry area

Bathroom with shower cubicle, W/C and wash hand basin

Lounge/dining room

Double bedroom

Double bedroom with fitted wardrobes

External

Small rear yard with metal stairs to first floor flat

Rear parking for (1)

Front external patio area with seating

The property benefits from double glazing and gas fired central heating