6235 / Rightbiz
- Next To Tesco Express & Very Close to Leeds Trinity University
- Annual Turnover £188,731
- Gross Profit £132,296
- Ran Under Management
- Not Due A Refit For At Least 6 Years
- Full Franchise Support & Training
- Customer Seating for 16
- Just eats and Uber deliveries recently introduced increasing T/O
- EPC - E
REF 6235 – Leasehold Sandwich Bar Franchise
Blacks Business Brokers are pleased to bring to the market this leasehold Subway franchise located in Horsforth, a suburb of Leeds, West Yorkshire.
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.
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.
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. 2020 rent review has been reviewed and there was no increase in the rent.
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.
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.
This branch of the franchise has traded solidly since opening. The business generates an annual turnover of £188,731 with gross profits of £132,296. There is an 8% royalty fee and 4.5% marketing fee paid to the franchise. Full financial details are available upon viewing.
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 & Fittings:
Equipment part of franchise agreement and includes
Mon - Thur- 7am - 8pmFri - 7am - 9pmSat - 8am - 9pmSun - 8am - 6pm
£288 Per Week. Weekly Rent:
£288 Per Week.
Leasehold Price: £59,995
Location: Leeds, West Yorkshire
Sector: Sandwich Shops, Retail
Annual Turnover: £188,731
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