A great opportunity to acquire a well established Subway store in the bustling City of Portsmouth, Hampshire. Asking price of £197,500, plus stock, or nearest offer.
The store is situated within the Ocean Retail Park in the Hilsea area of Portsmouth. The retail park has many national stores such as Currys, Boots, Wren and carpet stores among others. The store is situated with Carphone warehouse in a standalone unit with plentiful parking spaces outside the site, giving easy access to the store.
It is situated adjacent a large popular industrial park with numerous businesses in the area and numerous car showrooms. There is also the Portsmouth College within walking distance and a secondary school across the road.
The store has spacious and bright customers dining area, providing around 44 seatings; plus a number of permanent outdoor seating. It is fully staffed with part-time and full-time workers, over seen by a management team. The store has fully functioning equipment.
Current annual turnover of above £360,000, net. The business is currently staff managed, with minimal input from owner, offering greater profits for a hands-on owner to fully maximize the stores profitability.
There is enormous potential to increase sale to previous levels and higher, with a more hands on approach, commitment to excellence, increase in operational focus, effective marketing, push in platter sales (high number of offices and businesses in close proximity), to use well known 3rd party delivery services (due to start soon).
This is an excellent opportunity for you to continue to build an established business in a prime location, with its full potential achieved and increase in turnover if the owner is managing the store.
Please note the purchase of the business is subject to entering into a Subway franchise agreement. Full details available on request.
No time wasters please (basic info will be given) proof of funds required before any further financial information will be released.
Support and Training:
Two weeks franchise training in Cambridge. Supportive local development agent's consultants. Online Subway University training for all staff including for the owner.
Situated in a busy retail park adjacent to a large business & industrial park. Across the road from a secondary school and not far from Portsmouth college.