Sandwich Shops for sale in Leeds

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John Peacock (Feb 2017)
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Leasehold Price: £74,995 Price Reduced Annual Turnover: £182,400 Gross Profit: £124,032 Annual Net Profit: £10,206
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Business Description
Next To Tesco Express
Annual Turnover £182,400
Gross Profit £124,032
Ran Under Management
Not Due A Refit For At Least 6 Years
Full Franchise Support & Training
Customer Seating for 16
Very Close to Leeds Trinity University
EPC - E
REF 6235 – Leasehold Sandwich Bar Franchise

Blacks Brokers are pleased to bring to the market this leasehold Subway franchise located in Horsforth, a suburb of Leeds, West Yorkshire.

INTRODUCTION

Subway has been trading on New Road Side since 2014 with our client in ownership since 2017. 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 sandwich bar franchise stores in the UK and Ireland, making the franchise 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. To start a new business the same as this one usually costs around the region of £120,000 for this franchise, which mean this business offers excellent value for money for someone looking to start their journey with the Franchise.

LOCATION

This impressive sandwich bar restaurant is situated at the heart of Horsforth's thriving town centre on the busy A65 – this main road position brings a good amount of passing trade to complement the local trade which is generated by other local businesses and shops along with a local residential area and Leeds Trinity University Campus which is around one mile away.

REASON FOR SALE

The business is only being offered for sale as our client has other demanding business commitments and this branch of the franchise would benefit more from a hands-on owner-operator.

LEASE

The building is available on a competitive rent on a Full Repair and insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is ten years with rent reviews every three. The current lease began in 2014 at a cost of £288 per week.

BUILDING LAYOUT AND DESIGN

The sandwich bar franchise is operating from the ground floor of a very large, mid-terraced property with large, corporate signage displayed above a fully glazed frontage. Inside, the business is fitted to the excellent franchise standards and is fitted to the most modern standards. The main customer dining area offers seating for sixteen with counter/servery area positioned to the side with a small preparation area behind. Toilets are positioned to the rear of the main shop floor. All areas are presented to a high standard with good quality fixtures and fittings in place.

The upper floors of this building are not included in the lease and are currently used as office space.

STAFF

The business is currently operating with our client working part-time to oversee the running of this branch, supported by one full-time manager and there are a further 5 members of staff. As noted above, a new, full-time owner-operator would be beneficial.

FINANCIAL DETAILS

This branch of the franchise has traded solidly since opening. The business generates an annual turnover of £182,400 with gross profits of £124,032. There is an 8% royalty fee and 4.5% marketing fee paid to the franchise. Full financial details are available upon viewing.

SUMMARY

This leasehold business is positioned within a busy town centre close to a large university campus. The franchise offer ongoing training and support to a new owner and the shops is very nicely fitted throughout. This business has great potential to grow sales by introducing a home delivery service with surroundings areas having a large student population. This proposition would ideally suit an owner operator who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Equipment part of franchise agreement and includes

Chiller Servery

Microwaves

Convection Oven

Fridges

Freezers

Coffee Machine
Trading Hours:
Mon - Thur- 7am - 8pm
Fri - 7am - 9pm
Sat - 8am - 9pm
Sun - 8am - 6pm

Tenure: Leasehold

Location Details: Leeds

Leasehold Term: Rent: £288 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6235
Seller Reference:
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