Business
Please quote reference B06234

CoGoGo is delighted to present to the market a ‘New Concept’ Subway franchise with over 8 years trading history in this affluent town.

The franchise was purchased by our clients 5 years ago, who have now decided to sell to allow them to relocate with their family.

The Subway brand is world famous for its consistent quality from the level of service, sandwich ingredients/choices and drinks.

The following equiptment is also included in the sale-

• New design crisp stand
• Epos till system
• Free flow soft drinks dispenser
• Bread Proofer and Oven
• Bread Cabinet
• Glass fronted preparation chiller
• Toaster
• Coffee Machine
• Sandwich Unit
• Cookie Holder
• Walk in chiller with integral retarder
• 1 walk-in freezer
• Kitchen/Prep area
• Storage racking
• Tables and Chairs (3 tables, 12 chairs)

The first Subway opened in the U.K. in 1996 and has since expanded at an exceptional rate which continues to expand today. The UK head office is based in Cambridge, offering support on R&D, leasing, customer services, training and franchisee services. Subway has invested heavily in developing their existing menu options by adding more health-conscious salads, wraps, plant-based options and smaller toasted bites which has proven very successful.

Before the Covid pandemic the business sales were split 65% eat in customers and 35% from takeaway customers. The franchise has recently added the Just Eat delivery partner App which is proving very popular as more people continue to work from home.

Our clients currently only work in the business part time, we recommend any new owner would be able to reduce the current labour cost by working more hours in the business.

We are advised the business attracts a healthy mix of local shop workers, office people. local families and visitors to the area.

Key selling points include –

• New Lease available
• Increasingly popular location to live
• Handover period offered
• Nil business rates currently
• Potential to increase the delivery side

Very rarely do branded food businesses of this standard or location come onto the open market and we therefore highly recommend early viewing to avoid disappointment.

Location
This well-established Subway Franchise occupies a prominent corner trading position within the heart of historic Saffron Walden.

The main front door leads onto Hill Street (B184) which offers an excellent choice of local retailers, furniture/carpet stores, branded restaurants, hair salons, takeaways, offices and local fire station.

Saffron Walden is a popular market town in the Uttlesford district of Essex, 12 miles north of Bishop’s Stortford, 15 miles south of Cambridge and 43 miles north of London.

The town has become increasingly popular due to its excellent choice of local schools, very good council, choice of golfing and local sports activities. The town retails much of its medical rural charm and offers an excellent choice of period housing as well many new developments within walking distance of the town.

The area is also very popular with London commuters with its close proximity to the M11 motorway.

There are parking spaces in the adjacent streets as well as a nearby pay and display car park.

Premises
Prominent corner positioned unit with large windows to both sides.

Ground floor – customer dining area for a 12 people, takeaway queuing area, main service counter, customer toilet, rear preparation kitchen & storage areas, staff changing area.

Tenure
We are advised that the buisness is being sold on a Leasehold basis, with 1 year remaining on the 10 year lease. The rent is £1,602 per month and has £0 rates payable. 

Hours
The business hours are –

Monday – 7:00am – 7:00pm
Tuesday – 7:00am – 7:00pm
Wednesday – 7:00am – 7:00pm
Thursday – 7:00am – 7:00pm
Friday – 7:00am – 7:00pm
Saturday – 8:00am – 4:00pm
Sunday – 10:00am – 4:00pm

Staff
We are advised that the business has 2 part-time staff members. 

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £180,000, with an adjusted net profit in the region of £18,000. Full financials can be made available upon further request.

Please quote reference B06234