Prominent Trading Location
Accounts Available 28th February 2020
Annual Turnover £392,794
Gross Profit £201,251
Further Financial Info Available After Viewing
Full Franchise Support & Training
Four Star Food Hygiene Rating
Reliable Staff & Management
Run Under Management
Opposite Leeds University
EPC – EREF 7227 – Leasehold Sandwich Bar Franchise - Leeds
Blacks Brokers are pleased to bring to the market this leasehold Subway franchise opportunity located on a busy main road opposite Leeds University.INTRODUCTION
This sandwich bar franchise at 22 -23 Back Blenheim Terrace, Leeds was opened by our client in 2014 The business is part of the largest fast food chain in the world, with nearly 35,000 stores in 90+ countries. There are over 1,500 stores in the UK and Ireland, making this the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by the franchise and two weeks training will be provided initially.LOCATION
The business is positioned opposite Leeds University and ten minutes from Leeds Becket University. Leeds train station is a ten minute walk and a five minute walk from Lead City Centre. The business is perfectly placed.REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests, it is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level. LEASE
The lease covers the ground floor and basement. This space is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in August 2014 at a cost of £40,000 per annum.STAFF
The business is currently operating with on full time manager who has been at the store since it opened. The manager is supported by ten zero hour contract staff members. FINANCIAL DETAILS
This business has traded solidly since opening. The business has generated an annual turnover of £392,794 with a gross profit of £201,251. BUSINESS RATES
Currently the business benefits from a rates free period please enquire at the local rates office for more up to date figures. SUMMARY
This leasehold business is well established and located in a superb trading position in a busy main road position and opposite Leeds University attracting high footfall. Currently the business is operated completely under management and for that reason 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.
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The business is presented with the standard corporate branding and signage displayed above a this traditional building. This well presented shop occupies a prominent trading position with an impressive frontage.There is parking for six vehicles at the front of the building.
Inside, there is a counter and to the right is an entrance to a dining area that can accommodate six tables. The basement has an additional dining area that has ten tables. Also in the basement area is a food preparation area and staffing facilities. To the rear of the building is access to the waste area and to the front of the building is a customer care park for six vehicles. The building is fully alarmed and is air conditioned. All areas are finished nicely with good quality fixtures and fittings in place.