Business
Please quote reference B07589

CoGoGo are delighted to welcome to the market an exceptionally well run and performing, turnkey Subway franchise with an excellent reputation, associated with a strong and consistent brand.

The business has been trading from the current location since 2010, with our client taking over in 2023. 

It has now come to the open market due to our clients desire to concentrate on other business interests. 

A Subway store in Southampton part of the large franchise that has over 2,400 location in the UK and Ireland and more than 44,000 in 110 different countries. The franchise was first established in Connecticut in 1965 and has expanded ever since.

The purchaser will be well supported by the Subway brand. All franchisee’s attend a comprehensive two-week training course and are kept regularly updated with the latest information and operational updates. Regional development agents will also pay visits to the stores to allow for advice on how to make the most of the stores. The purchaser will receive a solid support network.

The store is in a prime location with all year-round trade. The Subway brand is well-known all across the UK and so we feel there will be no shortage of customers.

Key selling points –

• A well established business with an enviable reputation and many existing customers
• Current owner happy to offer a handover to ensure the continued success
• Perfect bolt on to an existing Subway owner looking for a foothold in this area
• Ongoing support from the Franchisor
• Prime trading position with loads of footfall and passing trade

Scope for further growth – 

• Advertising and Marketing campaign. A local leaflet drop usually yields good results
• Maximise the use of social media
• Extend the opening hours
• Refit and upgrade the premises

Location
The business is located in a prime trading location on East Street in the heart of the popular port city of Southampton, and benefits from being surrounded by a host of complementary businesses leading to a good level of footfall and passing trade.

Premises
The business is located in a double fronted, bright and welcoming typical subway store with service area, seating, service counter with order and till area, refrigerated storage, and Overhead digital menu panel.

To the rear is the immaculately presented kitchen area with a host of industry standard equipment, ample stainless steel preparation areas with sink, various refrigerated and freezer storage and chiller, along with staff w/c facilities.

Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 25 year lease. The rent is £35,000 per annum, with business rates payable at £2,680 per annum. 

Hours
The current trading hours are –

Monday to Saturday – 8:30am – 9:00pm

Sunday – 10:00am – 6:00pm

Staff
We are advised that the business is run and managed by our client, with the help of 7 part-time staff members. 

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £230,000. Further financials can be made available upon request.