Subway For Sale | | Croydon Surrey | | ADVISED AVERAGE GROSS WEEKLY SALES £8,500 INTERNATIONALLY RECOGNISED BRAND NAME ACCOMODATION ON 1ST, 2ND & 3RD FLOORS RENTAL INCOME £17,000 PA LOCATED IN SORT AFTER PRIME SHOPPING PROMENADE ALL EQUIPMENT OWNED OUTRIGHT AND INCLUDED IN SALE MOMENTS AWAY FROM TRAIN STATION, TRAM LINK AND BUS CONNECTIONS | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58554
ADVERT IMPRESSIONS : 6,237 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Sandwich Bars | | SALE: | Agent Sale | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business occupies a prominent position on the high street which leads to a primary pedestrianised shopping promenade. The unit is conveniently located close to a train station, tram links and good bus connections. Some nearby national covenants in the area include Santander, Marks and Spencers, HSBC, Carphone Warehouse, Next, House of Fraser, Mc Donalds and Pret-a-Manger to name a few.
DESCRIPTION
The unit is a highly visible ground floor lock-up shop in a mid terraced building. The shop layout comprises a seating area comprising 13 internal covers at the front with a serving area and kitchen at the rear.
THE BUSINESS
The sandwich franchise is backed by an internationally recognised brand name and is supported by extensive national marketing with an excellent franchise support system. The Franchise is the No.1 quick service sandwich store chain in every market it serves and continues to experience strong growth with over 34,000 locations worldwide.
The units offer a wide variety of fresh made-to-order sandwiches, salads, cold beverages and cookies.
The current owner is now selling to move on to other business ventures.
TRADING INFORMATION
Our client has advised that the business currently generates a gross weekly turnover of £8,500. Further trading information will be available after a formal viewing has been conducted.
STAFF
The business is currently operated by management with 6 full time and 4 part time workers.
TRADING HOURS
The business currently trades:
Mon-Sun 8:00am 11:00pm
ACCOMMODATION
There is self contained accommodation on the three upper floors which is accessed to the rear.
The accommodation comprises of: One room let with a shared kitchen, WC and bathroom on the 1st floor as well as 2 room lets and a WC on the second floor. The third floor comprises 2 room lets.
The letting rooms generate an annual rental income of £17,000.
TERMS & TENURE
We have been advised that the premises is held on a FRI 15 year lease which commenced in November 2006. The annual rent passing is £72,000. Formal rent reviews are conducted every 5 years.
BUSINESS RATES
We have also been advised by our client that the business rates payable for 2010/2011 is circa £13,553. This is to be confirmed with the council.
FIXTURES AND FITTINGS
We are advised that all fixtures and fittings are owned outright. | | | | | | FOR SALE | | | | | REFERENCE: | BMA498 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
