Waterfront Subway Franchise in Largs North Ayrshire with New 10-Year Lease for Sale
Largs, North Ayrshire
- Status
FOR SALE
- Date Submitted:
15/01/24
- Advert ID
605072
- Reference
1628 / Rightbiz
- Call Agent:
- Leasehold: £95,000
- Rent: £17,000
- Turnover: On request
- Net Profit: On request
Business Details
Well established Subway sandwich franchise located in Largs, North Ayrshire.
Popular Subway Sandwich franchise. Prime trading location on Largs waterfront. Same ownership for 15 years. Very well presented unit. Ideal for a hands on operator. Full support and training offered by franchise. Annual rent £17,000.
LEASEHOLD Guide price £95,000.
The seaside resort of Largs is situated in North Ayrshire overlooking the Firth of Clyde towards the Isle of Cumbrae along Scotland’s scenic west coast. The town has a population in excess of 11,000 which swells substantially during the summer months and at weekends.
Largs is only a 40 minute drive from Glasgow and there is also an excellent train service linking the town to Scotland’s largest city. With its picturesque esplanade, spectacular views and renowned for its mild climate due to the influences of the gulf stream it is easy to see why Largs has become such a popular destination, not only for tourists but for people to live.
A fantastic opportunity to take on a very well presented and well run Subway franchise located in the heart of the hugely popular North Ayrshire town. This unit is very well presented with good quality fixtures and fittings throughout. Our client has operated the Subway franchise here since 2009 and has enjoyed a good level of trade both to locals and to visitors to the area. There is a new 10 year lease from June 2022.
Subway carry out a full training programme over 3 weeks prior to take over and any interested party will be approved by the franchisor.
The subjects are held on the basis of a FRI lease to June 2032 and the annual rental is £17,000. A guide price of £95,000 is sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto. Stock payable in addition to the purchase price.
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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.
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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.
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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.
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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.
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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.'.
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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.
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