6448 / Rightbiz
- Prime Retail & Leisure Location
- Annual Turnover year ending 31st March 2019 £164,716
- Gross Profit £55,491
- Operating Under Management
- 5* Food Hygiene Rating
- Large Free Car Park
- Fully Refurbished 2014
- Close To Many Other Large Multiples
- Subway Franchise Support & Training
- Year Round Trade
- High Footfall Area
- Superb Fixtures & Fittings Throughout
- EPC - C
REF 6448 – Leasehold Subway Franchise
Blacks Business Brokers are pleased to bring to the market this leasehold Subway franchise located in a busy and much sought-after area of Southport, Merseyside.
Subway Ocean Plaza was established by our client in 2014 to meet local demand for a business of this type in this area. 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 Subway stores in the UK and Ireland, making Subway the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide Subway franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by Subway and two weeks training will be provided initially.
Well established and highly visible, this branch of Subway is located in a prime retail and leisure location in Southport close to Southport Promenade. This trading location benefits from an excellent amount of passing trade and regular repeat custom as well as heavy footfall from sea side visitors. Southport hosts several annual events such as the Southport Air Show and an annual fireworks competition. Other nearby businesses include McDonalds, Nandos, Pizza Hut, Frankie and Bennies, Premier Inn, DW gyms as well as a host of retail operators such as Next and B&M. This retail part shares a large car park where parking is free for up to three hours.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to our client’s other business commitments and lack of time to dedicate to this busy shop. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
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 five. The current lease began in 2014 at a cost of £288 per week.
BUILDING LAYOUT AND DESIGN
Subway Ocean Plaza operates from a purpose built, single storey retail unit within a parade of other businesses including a play gym and eateries. The branch is branded with the usual Subway signage with seating for sixteen to the front. Inside, the dining area offers seating for twenty with main counter and servery positioned to the left hand side. The premises also have toilet facilities, storage area and separate preparation space and pot wash. All areas are presented well with tiled flooring throughout. The branch opened in 2014 when the shop was fully refitted.
The business is currently operating with five members of staff in employment including a store manager. Our client is not currently involved in the day to day running of this business.
Subway Ocean Plaza has traded solidly since opening. We are advised that the business currently has annual turnover of £164,716 with gross profits of £55,491. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing.
The rateable value is £6,360. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a most enviable trading position and has a strong base of local and regular customers along with lots of passing custom. There is plenty of scope to develop the existing business further with the introduction of a delivery service, along with longer opening hours and a strong marketing campaign from a new owner. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Fixtures & Fittings:
Drinks dispensing machine
Drinks fridge upright
Chiller display cabinets
EPOS till system
Bread proofer oven
Walk in fridge and freezer
Mon - 8am - 7pmTue - 8am - 7pmWed - 8am - 7pmThur - 8am - 7pmFri - 8am - 8pmSat - 8am - 8pmSun - 10am - 6pm
£288 Per Week. Weekly Rent:
£288 Per Week.
Leasehold Price: £74,995
Location: Southport, Merseyside
Sector: Sandwich Shops, Retail
Annual Turnover: £164,716
Annual Net Profit: £18,653
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