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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Popular Sandwich Bar Franchise in Cheadle

Cheadle, Manchester
Leasehold Price:
£64,950
Status
SOLD / WITHDRAWN
Advert ID
230106
Reference
6164 / Rightbiz
    5* Food Hygiene Rating

    Annual Turnover £208,000

    Gross Profit £150,000

    Permitted To Advertise on Just Eat

    Seating For 20 Customers

    EPC - D

Description:
REF 6164 – Leasehold Sandwich Bar Franchise
Blacks Business Brokers are pleased to bring to the market this leasehold sandwich bar franchise located in a busy and densely populated area of Cheadle, Greater Manchester.

INTRODUCTION
Subway has been trading on Old Rectory Gardens since 2008 with our client in ownership since 2017. The Subway franchise offers an incredible opportunity to run a busy sandwich bar with superb reputation already in place and other franchise stores nationwide.

LOCATION
Located on Old Rectory Gardens in the town centre of Cheadle, the business is well placed for plenty of passing trade and also has a large base of local customers. This area is well linked by the M60 and A34, with excellent transport links in place and parking is available directly outside the shop.

REASON FOR SALE
The business is only being offered for sale due to an increase in our client’s family commitments creating a lack of time to dedicate to this busy shop.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is fifteen years and began in 2017 at a cost of £288 per week.

BUILDING LAYOUT AND DESIGN
Subway occupies the ground floor of a mid-terraced property within a parade of other shops and local businesses. Externally, the business is well branded with the usual Subway signage displayed which is displayed above a fully glazed, double frontage. Inside, the restaurant is superbly presented with seating for twenty and a modern customer servery to the side. The business is finished to the exacting and very high standards associated with all of Subway’s franchise stores. To the rear are customer toilet facilities and a staff room.

This is a commercial property and there is no living accommodation included. The upper floor of this property is currently unused.

STAFF
The business is currently operating with four members of staff in employment. Our client is currently working as the full-time manager.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £208,000 with gross profits of £150,000.

SUMMARY
This leasehold, franchise business is well-established and well-known within this area. It occupies an enviable trading position and is superbly presented throughout. This branch of Subway is able to use Just Eat and this is an area of the business ready to be built upon and expanded. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations already in place. Early viewings are strongly advised.

Fixtures & Fittings:
Walk In Freezer
Walk In Fridge
Air Conditioning Unit
Assorted Shelves For Storage
3 Sinks
2 Shelving Units
Preparation Unit With Shelves
Till - Full EPOS Control With Stock
Cookie Cabinet
2 Sandwich Refrigeration Units
Coffee Machine
Hand Wash Sink
Commercial Microwave
2 Small Under Counter Fridges
Commercial Toaster
Proofer
Oven
Hot Well
7 Tables
20 Seats
WiFi Equipment
CCTV Equipment With Remote Access
Subway Radio Equipment


Opening Hours:
MON - THU: 07:00 - 20:00FRI: 07:00 - 21:00SAT: 08:30 - 21:00SUN: 10:00 - 20:00


Weekly Rent:
£288 Per Week. Weekly Rent:
£288 Per Week.
Listing Details
Leasehold Price: £64,950
Tenure: Leasehold
Location: Cheadle, Manchester
Sector: Sandwich Shops, Retail
Financials
Annual Turnover: £208,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6164 / Rightbiz

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