Two Prominent Trading Locations
Combined Annual Turnover £554,652
Combined Gross Profit £153,374
Further Financial Info Available After Viewing
Full Franchise Support & Training
Both Sites Have A Five Star Food Hygiene Rating
Reliable Staff & Management At Both Sites
Scope For Longer Opening Hours
Both Sites Have Just-Eat and Uber Eats Accounts
EPC – EREF 7159 – Two Sandwich Shop Franchises - Wakefield
Blacks Brokers are pleased to bring to the market these two Subway franchise opportunities, both located in the busy areas of Wakefield, West Yorkshire. INTRODUCTION
Subway on Westgate has been trading since 1998 and Subway in Westgate Train Station has been trading since 2014, both with our client in ownership since 2018. The business is part of the largest fast food chain in the world, 2,500 locations in the UK and Ireland, and more than 43,000 stores in over 110 countries. These two well-established businesses are supported by the hugely popular worldwide Subway franchise which includes signage, product delivery, valuable national advertising and ongoing training. Stores supported by robust supply chain managed by the Subway franchisee organization. A new owner will be interviewed by Subway and two weeks training will be provided initially. LOCATION
The Westgate store is positioned in a busy area of the main high street in Wakefield, close to many large multiples and a large multi-storey car park. This store benefits from a huge amount of passing trade as well as trade from other local businesses and offices within the town.
The other store within Westgate Train Station is situated within yards of the taxi rank/drop of area at the station with WHSmith’s in the adjoining unit. This is a very high footfall area of the town.
Wakefield is very well linked by the M62 and M1, public transport links are excellent and parking is available close by. Both stores are located within busy areas. REASON FOR SALE
The business is well suited to a hands-on owner-operator however, due to our client’s family commitments, 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 INFORMATION
Subway Westgate 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 twenty five year lease which began in 1998 and runs at a cost of £615 per week.
Subway Westgate Train Station is also available on a Full Repair and Insure lease (FRI lease). The current lease began in 2020, this is a six year lease running at a cost of £346 per week. STAFF
The business is currently operating with fifteen members of staff in employment across both stores. This includes branch managers; our client oversee's the day to day running of each site.FINANCIAL DETAILS
Both these branches of Subway have traded solidly since opening. We are advised that the business currently has a combined annual turnover of £554,652 and combined gross profit of £153,374. Of this, Westgate generates £379,656 per annum and Westgate Train Station generates £174,996 per annum in turnover. Royalty and marketing fees payable are 12.5%. Full financial details are available upon request.
MON - FRI: 06:00 - 20:00 SAT: 06:00 - 19:00 SUN: 10:00 - 16:00
MON - THU: 07:00 - 20:00 FRI & SAT: 07:00 - 04:00 SUN: 09:00 - 20:00
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Both stores are presented well from outside with the usual Subway branding and signage displayed above glazed frontages.
Subway Westgate is an end terraced single storey property. The main dining area offers seating for forty with counter and servery area positioned to the rear of the shop. There is also a kitchen/preparation area to the rear of the servery. The property also has two usable rooms in the basement which can be used as an office or storage. The property forms part of the larger Westgate House with the upper floors due to undergo conversion to residential in the near future.
Subway Westgate Train Station is part of a newly built retail area and comprises retail serving and dining area with seating for twenty. There is a kitchen/preparation area to the rear. There is huge scope for growth with a school being built opposite this site.
Both shops are very well presented and modern, they are both fully equipped.
This set of two successful Subway stores are well established and are both located in a superb trading positions. Parking is available in the surrounding area for both stores. There is plenty of scope to develop the shops further with the introduction of longer opening hours to include late nights Monday to Thursday and a delivery service which is in high demand in this area. There is also potential to cater for other local businesses and offices. 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.
Westgate £615 Per Week; Train Station £346 P/W