Superb Town Centre Location
Annual Turnover £120k
Gross Profit £78330
Long Lease With Low Overheads
Late Night Trading License Till 3am
5* Food Hygiene Rating
Customer Seating For 24
Would cost £250,000 to set up similar store, bargain price due to other business commitments
To the market this leasehold Subway franchise located in a very busy and much sought after area of Hartlepool.
Subway Hartlepool was established in 2004 to meet local demand for a business of this type in this area. The business is part of the largest fast food chain in the world, with nearly 43,000 stores in 100 countries. There are over 2,500 Subway stores in the UK and Ireland, making Subway the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide Subway franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by Subway and two weeks training will be provided initially.
Hartlepool is a town in Tees Valley. The business is close to Middleton Grange shopping centre and local colleges. And on a busy high street, surrounded by banking premises etc.
REASON FOR SALE
This opportunity is available due our client’s other business interests creating this superb opportunity for a new owner operator.
The building is available on a FRI (Full Repair and Insure) lease which began in 2015 and is a fifteen year lease with rent reviews and a break clause after every 5th year. The rent is £174 per week.
BUILDING LAYOUT AND DESIGN
The business is in prominent property in a beautiful building. The business is spread over the ground floor and part first floor of this 3-storey building. Inside the main door is the restaurant with the counter, servery area straight in front of you. There are unisex and a disabled access toilet on the ground floor. There is a breakfast bar seating area for up to 2 customers and a tables of two and four providing seating for 20 on the ground floor in total. To the rear of the ground floor there is a preparation area and washing up area with walk in fridge. To the rear there is a small secure yard for bin storage.
On the first floor there is a walk-in cold room
There is parking to the rear of the property.
The business is running with 4 part time staff all supported by an assistant manager who is on a zero-hour contract.
We are advised that the Subway achieves an annual turnover of £119906.12 with a gross profit of £78,330. Full financial information will be given after an initial viewing of the business. Royalty and marketing fees payable are 12.5%.the approximate turn over is currently £1900 per week, full financial information will be provided after the signing of a non-disclosure agreement.
The rates payable are £4828,17 per annum.
This leasehold business is in a superb trading position and is occupied a well-established Subway branch that has a large, repeat customer base. There is plenty of scope to develop the business further with the introduction of longer opening hours to include late nights and a delivery service which is in high demand in this area. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Speed oven and toaster
Display chiller cabinet
Walk in fridge and freezer
1 EPOS till system
3 Part sink
Mon - Sat - 7am - 8pm Sun - 9am - 7pm
£174 Per Week
Superb High Street Location.