Ref 7045 – Leasehold Sandwich Bar Franchise - Goole
Blacks Brokers are pleased to bring to the market this leasehold Subway franchise opportunity located in a very busy pedestrianised area of Goole, East Riding Of Yorkshire.
This sandwich bar franchise on Boothferry Road, Goole has been trading here for over five years with our client in ownership since 2016. 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 stores in the UK and Ireland, making this the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by the franchise and two weeks training will be provided initially.
The business is positioned within a popular shopping parade in the centre of Goole. This area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as The Halifax and Superdrug. The area is very well linked by the M62, public transport links are excellent and parking is available in the surrounding area.
The business is ideally suited to a hands-on owner-operating team but due to our client’s other business commitments being higher than anticipated, it is mainly managed by staff and therefore, offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2016 at a cost of £269 per week.
The business is currently operating with seven members of staff including a manager in employment supporting our client overseeing management on a part time basis.
This business has traded solidly since opening. We are advised that the business currently has annual turnover of £114,400 and gross profit of £17,666. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing.
The business rates payable are £1,768 per annum.
This leasehold business is well established and located in a superb trading position in a busy pedestrianised area of the town. 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 offices. 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. Business: £9,995.
Please quote ref: 7045