High-Performing Subway Franchise in Prime Southampton Location for Sale
Southampton, Hampshire
- Status
FOR SALE
- Date Submitted:
23/10/23
- Advert ID
601572
- Reference
B07589 / Rightbiz
- Call Agent:
- Leasehold: £129,999
- Turnover: £231,493 (£4,452 Per week)
- Net Profit: £72,960 (32% Profit margin)
Business Details
Subway franchise opportunity in Southampton for sale
BusinessPlease quote reference B07589
CoGoGo are delighted to welcome to the market an exceptionally well run and performing, turnkey Subway franchise with an excellent reputation, associated with a strong and consistent brand.
The business has been trading from the current location since 2010, with our client taking over in 2023.
It has now come to the open market due to our clients desire to concentrate on other business interests.
A Subway store in Southampton part of the large franchise that has over 2,400 location in the UK and Ireland and more than 44,000 in 110 different countries. The franchise was first established in Connecticut in 1965 and has expanded ever since.
The purchaser will be well supported by the Subway brand. All franchisee’s attend a comprehensive two-week training course and are kept regularly updated with the latest information and operational updates. Regional development agents will also pay visits to the stores to allow for advice on how to make the most of the stores. The purchaser will receive a solid support network.
The store is in a prime location with all year-round trade. The Subway brand is well-known all across the UK and so we feel there will be no shortage of customers.
Key selling points -
- A well established business with an enviable reputation and many existing customers
- Current owner happy to offer a handover to ensure the continued success
- Perfect bolt on to an existing Subway owner looking for a foothold in this area
- Ongoing support from the Franchisor
- Prime trading position with loads of footfall and passing trade
- Advertising and Marketing campaign. A local leaflet drop usually yields good results
- Maximise the use of social media
- Extend the opening hours
- Refit and upgrade the premises
Location
The business is located in a prime trading location on East Street in the heart of the popular port city of Southampton, and benefits from being surrounded by a host of complementary businesses leading to a good level of footfall and passing trade.
Premises
The business is located in a double fronted, bright and welcoming typical subway store with service area, seating, service counter with order and till area, refrigerated storage, and Overhead digital menu panel.
To the rear is the immaculately presented kitchen area with a host of industry standard equipment, ample stainless steel preparation areas with sink, various refrigerated and freezer storage and chiller, along with staff w/c facilities.
Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 25 year lease. The rent is £35,000 per annum, with business rates payable at £2,680 per annum.
Hours
The current trading hours are -
Monday to Saturday - 8:30am - 9:00pm
Sunday - 10:00am - 6:00pm
Staff
We are advised that the business is run and managed by our client, with the help of 7 part-time staff members.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £230,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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