The business has been in our clients’ ownership for approximately 4 years being situated in a busy parade of shops it is ideally located close to New College Durham, Framwellgate School and University Hospital. Our client is disposing of the shop due to a change in his personal circumstances.
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 to nearly 2,800 stores over the next 6 years. A typical new Subway franchise can cost well over £100,000 plus VAT to set up so this trading franchise offers great value for money.
This branch opened in 2014 and the locations are generally prime 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 low fat menu has proved particularly popular and the range of product is naturally evolving.
This franchise is compact and easily managed and would be ideal for a couple to owner operator.
A franchise fee of £5,000 is payable to SUBWAY which covers the transfer and 2 week training course.
Monday - Friday 7.00am - 8.00pm
Saturday & Sunday 9.00am - 7.00pm
Currently run under management with 1 full time and 4 part time members of staff.
Ground Floor: comprises a ground floor lock up retail unit fully fitted and equipped for the trade.
Sales Shop circa 576 sq.ft. (53.5 sq.m.) with equipment including serve over deli counters, coffee machine, soft drink dispensers, chillers, grills, ovens, fridges, walk in freezers, and other associated plant. A full inventory will be made available to bona fide purchasers.
The premises are supplied with mains electricity, water and is fitted with a fire alarm system. The premises also benefit from security alarm and CCTV systems.
Held on a 15 year lease from 2014 at a passing rental of £15,000 per annum plus VAT with a rent reviews and break clauses every 5th anniversary.
We are verbally informed that the premises are assessed as follows: RATEABLE VALUE - £7,600
Rates free incentives are available subject to status.
EPC: Rating C. A copy of the document is available for inspection.