Takeaways (Other) for sale in Felixstowe

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Y. MacGregor (Nov 2017)
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Leasehold Price: £49,999 Price Reduced Turnover: £230,244 Gross Profit: £143,356
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Business Description
Business
Hilton Smythe welcomes to the market Subway Felixstowe, which has been owned by our client since 2015. Due to personal circumstances, our client now needs to sell the business.

Subway is a privately held American fast food restaurant franchise that primarily sells submarine sandwiches and salads.

There is enormous scope to grow this business as our client does not carry out home delivery and this is something that could be put in place in order to increase the turnover.

Further staff should be employed as due to personal circumstances our client has cut the staff to a minimum.

• Every franchisee attends a comprehensive two week training course at the Subway®Training Centre in Cambridge. Ongoing support keeps
franchisees and staff continually informed of all the latest information and operational updates.

• Interactive online training courses available through the University of Subway® for franchisees and their staff.

• Experienced Regional Development Agents provide ongoing assistance and mentoring on site selection, leasing, operations, local store marketing and much more.

• A franchisee owned purchasing company, IPC Europe manages the purchasing and supply chain activity for all food, packaging, equipment and services in the UK, Ireland and other European countries.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Subway is located on a main thoroughfare in Felixstowe, Suffolk, surrounded by many other thriving shops brining in a high footfall throughout the year.

There is staff parking directly behind the premises and plenty of free parking close by.

Felixstowe is a main seaside town located in Suffolk which has a population of circa 24,000, which grows dramatically holiday periods and the summer months.

Premises
The premises are entered by a central entrance door and the shop is fitted out with standard Subway decoration and furniture.

The seating area has 2 x breakfast bars at the window giving seating for up to 6 and there are 4 further tables giving seating for 8 more customers.

In this area are a cold drinks dispenser, cold drinks fridge and crisps stand. There is also an under stair storage cupboard off this area.

The service counter has the standard Subway salad chiller and behind the counter is a microwave, coffee machine, till, safe, ovens, salad chiller, under counter fridges, and sink.

From the main serving area is a doorway which leads to a store room with a walk in chiller and a walk in freezer. There is a door to the rear access road and also stairs to the first floor.

On the first floor are two large store rooms/ staff rooms, male and female toilets.

Tenure
We are advised the business is being sold as a Leasehold business opportunity, with a lease until September 2026, with an annual rent of £19,000.

Hours
The business opening hours:

Monday - Saturday: 7.00 am – 11.00 pm

Sunday: 9.00 am – 9.00 pm

Staff
The business is run and managed by our client, on a part time basis with the help of 2 x part time members of staff.

Financial Profile
Subway Felixstowe generated an advised turnover of circa £230,244 as of the 2016 accounts, with a gross profit of £143, 356 and an adjusted net profit of £31,974.

The assets in the business are worth circa £45,000 - £50,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04225
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