Subway Franchise in Stockbridge, Edinburgh with £335K Sales, £199.5K Leasehold
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
14/06/23
- Advert ID
514867
- Reference
1584 / Rightbiz
- Call Agent:
- Leasehold: £199,500
- Rent: £13,000
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- Prime Location
Business Details
Subway franchise located in the heart of the popular Stockbridge suburb of Edinburgh. (ref 1584)
Popular and busy Subway franchise. Enviable trading location in Stockbridge. Fitted out to most recent upgrade requirements. Net sales to 31/07/22 - £335,445. Subway has traded from this site over 19 years. Full support and training offered by franchise. Annual Rent - £13,000 plus VAT.
LEASEHOLD Guide Price - £199,500.
This popular Subway sandwich shop trades from a prominent north facing location on Raeburn Place which is the main thoroughfare running through the highly desirable Edinburgh suburb of Stockbridge.
The area is very popular with a wide and varied selection of restaurants, bars, cafes and quality retail businesses situated along the main street and the roads leading off. Stockbridge enjoys an enviable reputation within the city as one of the outstanding locations to trade from, very popular with smaller independent businesses along with some major retailers.
Stockbridge is one of the most affluent suburbs of the city and has a vibrant village like quality yet only being a casual 10-minute walk to Edinburgh city centre.
This is an excellent opportunity to take on a very well presented and well-run Subway franchise located in the heart of the hugely popular Edinburgh suburb of Stockbridge. This unit has been refurbished recently and is right up to date in terms of the franchise requirements with quality fixtures and fittings throughout. There has been a Subway franchise operating from here since 2004, our client took over the business in 2018 and since then no expense has been spared in transforming it to how it looks today, genuinely in walk in condition for the buyer.
The customer area has booth seating and freestanding tables and chairs for customers looking to eat in. The current owner chooses to trade just 9.00am-6.00pm on a daily basis, there is definite scope to extend these trading hours if desired.
The current lease will expire in 2034 with break options and rent reviews in 2024 and 2029. The current annual rent is £13,000 plus VAT.
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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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