Sandwich Shops for sale in Essex

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Ian McGregor (Nov 2013)
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Leasehold Price: £129,900 Annual Turnover: £208,000
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Business Description
Subway Franchise for sale in a sought after area of Essex. This business premises is sitting in a small parade of shop and close proximity of a main line station, schools, colleges and coastal attractions resulting in good footfall. Business fitted out to a high standard and fully operational, severing the local community for a number of years.

Vendor has other business interests and is looking for a quick sale, hence the priced well. Business currently turning around £4,000 per week (unconfirmed) but would do very well in right pairs of hands, has lots of potential.

Vendors is looking a premium in region of £129,900 for business / leasehold interests but would take reasonable offers. Standard references are required from the ingoing tenants by the Landlords.

Property Description
The property consists of front retail area decorated to a very high standard with additional seating area to the first floor. This is then followed by customer WC, storage, kitchen and preparation area, and rear garden.
Within the right experienced hands, this business could be very lucrative.

Location & Surroundings
The business is located in Essex, England. This premises is located in a seaside town on a prominent parade surrounded by established businesses, shopping centre and colleges and schools. The surrounding areas are densely built up with residential property which results in a high demand for local trade.

Business Description & Takings
The premises consists of a ground floor front retails/serving area with high quality fittings including inset ceiling lighting and air conditioning. The retail area caters for 10 covers with further seating arrangement on the first floor.

Goodwill includes counter with 2 curved refrigerated display sections, hot unit, computerised till, automatic hot drinks machine, upright glass fronted drinks fridge (on loan from Coca Cola), prover, oven, Merrychef oven, double door counter fridge with wooden facia, stainless steel top, double door wooden fronted back counter, illuminated menu board.

Oakville Real Estates have been advised that the current taking of the business is currently around £4,000pw (unverified).

Opening Times & Staffing
Currently the business is open from Monday to Sunday and is currently run with minimal staff.

Tenure & Lease Terms
Currently held on a 15 year lease commencing in 23/01/2014 with a passing rent of £16,500 pa and a 5-yearly rent review period.

Owner is seeking offers of £129,900 for the leasehold interest and business goodwill.

Legal Costs
Tenant to pay a contribution towards the landlord’s solicitor’s costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
Tenure: Leasehold

Leasehold Term:

Currently held on a 15 year lease commencing in 23/01/2014 with a passing rent of £16,500 pa and a 5-yearly rent review period.

Downloadable Documents

Listed by: Oakville Real Estates
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