Location:
The franchise began trading from this location over 14 years ago and is now very well established in the town benefitting from a busy retail position on a main junction. Our client is disposing of the outlet as they are growing their franchise network in the south of the region.
Business:
The UK Subway franchise originated in 1996 when the first store opened in Brighton and has expanded rapidly over the years with the current number of outlets being in the region of 2,500. The brand has plans to increase this by another 300 outlets, locations permitting. A typical new Subway franchise can cost well over £130,000 plus VAT to set up so this trading franchise offers great value for money.
This is a well-established outlet and the locations are generally prime and strong secondary and include high profile shopping centres, city centres and University areas.
There is a strong, identifiable corporate image backed up with marketing support and guidance from a head office team. For this support, and including the aggressive media marketing, the franchisees pay a fee which equates to circa 12.5% of the turnover.
The target customers are young professionals, students and office workers looking for good quality, good value food and drink. The new low fat menu has proved particularly popular and the range of products is naturally evolving.
This franchise is compact and easily managed and would be ideal for a couple or partnership to owner operate.
Agents Notes;
A franchise fee of £4,400 is payable to SUBWAY which covers the transfer and 2 week training course.
Premises:
Comprises a ground floor retail unit which has been remodelled and is fully fitted for the trade.
Ground Floor:
Sales Shop circa 475 sq.ft. (44 sq.m.) with equipment including serve over deli counters, coffee machine, soft drink dispensers, chillers, grills, ovens and fridges.
W.C.
Basement:
Store circa 333 sq.ft. (31 sq.m.)
Opening Hours: (permitted to trade till 3.00am)
Monday - Saturday 7.00 am - 7.00 pm
Sunday 8.00 am - 7.00 pm
Staff:
Currently run under management by 7 members of staff.
Services:
The premises are supplied with mains electricity, water and is fitted with a fire alarm system. The premises also benefit from CCTV systems.
Tenure:
Held on a 15 year lease from 2011 at a passing rental of £20,500 per annum plus VAT with a rent reviews and break clause every 5th anniversary.
Rates:
The premises are assessed as:
RATEABLE VALUE - £15,500
EPC:
Rating E.
A copy of the document is available.
Money Laundering Regulations:
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
