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Sandwich Bar Franchise Opportunity In Leeds

Leeds, West Yorkshire
Leasehold Price:
£225,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
232779
Reference
6567 / Rightbiz

Details

    Large Shopping Centre Location

    Annual Turnover £446,043

    Gross Profit £126,358

    Accounts Available Upon Viewing

    Operated Under Management

    Five Star Food Hygiene Rating

    Full Franchise Support & Training

    Customer Car Park For Around 500

    Managed By Experienced Staff

    Scope For Longer Opening Hours

    Potential To Cater For Local Businesses

    EPC - D

Description:
REF 6567 – Leasehold Subway Franchise Opportunity In Leeds
Blacks Business Brokers are pleased to bring to the market this leasehold Subway franchise opportunity located in the very busy and much sought after Seacroft Shopping Centre.

INTRODUCTION
Subway in Seacroft Shopping Centre has been trading since 2006 with our client in ownership since 2012. 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.

LOCATION
This busy shopping centre location is highly sought after. The area of Seacroft is around fifteen minutes away from Leeds city centre and brings a huge amount of passing trade on a daily basis. The area is very well linked by the M1, public transport links are superb with Seacroft bus station close by and there is a large free car park immediately outside. The shopping centre is close to the largest housing estate in Europe and there are an additional 1,000 houses under construction nearby.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operating team and is only available due to our client’s other business commitments being more time consuming than anticipated. 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.

LEASE
The business is held on a ten year lease which began in 2017 at a cost of £769 per week.

STAFF
The business is currently operating with eight members of staff in employment supporting our client overseeing the management of the shop. This includes a full time manager.

FINANCIAL DETAILS
This branch of Subway has traded solidly since opening. We are advised that the business currently has annual turnover of £446,043 and gross profit of £126,358. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing.

BUSINESS RATES
The rateable value is £1,200. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business long-established and located in a superb trading position within a busy shopping centre with free parking and a huge amount of passing trade. There is plenty of scope to develop the business further with the introduction of longer opening hours to include late nights and a delivery service which is in high demand in this area. There is also potential to cater for other local businesses and also to remodel the store which is due in 2019. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
The business is presented with the standard Subway corporate branding and signage displayed above a fully glazed frontage. This well presented shop occupies a prominent trading position within this busy centre. Inside, the dining area offers seating for around fifteen. It is very well presented with good quality fitted fixtures and fittings in place, tiled flooring throughout and neutral decor. To the rear of the store is the usual, large display servery/counter and sandwich preparation area. At the rear there is a preparation area and washing up area. There is a disabled/ladies/gents toilet in place.

The premises have a large space above which is currently sublet for £2,000 per annum. This can be changed at any time should the new owner wish to use the office space themselves.

Fixtures & Fittings:
Please Ask For Full List

Opening Hours:
Mon - Fri - 7am - 9pmSat - 8am - 9pmSun - 9am - 5pm


Weekly Rent:
£769 Per Week. Weekly Rent:
£769 Per Week.
Seller Details
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Listing Details
Leasehold Price: £225,000
Tenure: Leasehold
Location: Leeds, West Yorkshire
Sector: Sandwich Shops, Retail
Financials
Annual Turnover: £446,043
Annual Net Profit: £40,246
Location Statistics
What's nearbyi:
Rainbow International Ltd (approx. 0 mile)
All Bar One Millenium Square Leeds (approx. 0 mile)
Both Arms (approx. 0 mile)
The Film House (approx. 0 mile)
Nelson Mandela Gardens (approx. 0 mile)
Be At One Leeds (approx. 0 mile)
The Art Gallery Shop (approx. 0 mile)
Calverley Street (stop Y12) (approx. 0 mile)
Information & Research Library (approx. 0 mile)
merrion center (approx. 0 mile)
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