Retail premises for sale in Regent Street, Wrexham LL11

£549,950
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Two Prominent Trading Locations
  • Established Over 10 Years in Town Centre
  • One Leasehold & One Freehold Option
  • Accounts Available 31st August 2020
  • Combined Annual Turnover £314,620
  • Combined Gross Profit £169,678
  • Further Financial Info Available After Viewing
  • Both Have Five Star Food Hygiene Ratings
  • Full Franchise Support & Training
  • Management & Staff In Place
  • Parking Nearby
  • Scope For Longer Opening Hours
  • Deliveries Recently Introduced
  • EPC – C & E

Property description

Ref 6933 – Two Sandwich Shop Franchises - Wrexham
Blacks Brokers are pleased to bring to the market these two Subway franchise opportunities, both located in the bustling area of Wrexham, Clwyd.


Introduction


Subway on Regent Street has been trading since 2016 and Subway in Eagles Meadow has been trading since 2008, both with our experienced client in ownership since opening. 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 Subway stores in the UK and Ireland, making Subway the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide Subway franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by Subway and two weeks training will be provided initially.


Location


The Regent Street store is positioned in a busy area of the main high street in Wrexham, close to many large multiples and a large multi-storey car park. This store benefits from a huge amount of passing trade as well as trade from other local businesses and offices within the town.

The other store within Eagles Meadow is located directly opposite a large Tesco Extra superstore on a busy parade of shops, with parking directly opposite.

Wrexham is very well linked by the A483 and A534, public transport links are good and parking is available close by. Both stores are located within popular parades.


Reason for sale


The business could be ideal for a hands-on owner-operating team but is currently managed entirely by staff in both locations due to our client’s other business commitments and is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease information


The Regent Street store is a freehold proposition and as such no lease details are applicable.
The Eagles Meadow store is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease began in 2018 and is a ten year lease running at a cost of £365 per week.


Staff


The Regent Street store is currently operating with one full time and nine part time staff members, this includes a manager. The Eagles Meadow store currently operates with two full time and six part time members of staff, this includes a manager. Our client is not involved in the day to day running of the business.


Financial details


Both these branches of Subway have traded solidly since opening. We are advised that the business currently has a combined annual turnover of £520,000 and combined gross profit of £156,000. Royalty and marketing fees payable are 12.5%. Full financial details are available upon request.


Summary


This set of two successful Subway stores are well established and are both located in a superb trading positions. Parking is available to the front and in the surrounding area for both stores. There is plenty of scope to develop the shops 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 & Property: £549,950.

Please quote ref: 6933

Business Accommodation

Building layout and design

Both stores are presented well from outside with the usual Subway branding and signage displayed above glazed frontages.

Subway Regent Street is a mid terraced retail property with use of both the ground and first floor. The main dining area offers seating for twenty with counter and servery area positioned to the rear of the shop. There is a storage/washing up/ preparation area behind. On the first floor there is a further seating area for up to thirty diners with both ladies and gents toilets.

Subway Eagles Meadow is another mid terraced property within a parade of shops and offices. Inside, the restaurant offers seating for twenty, with a large serving counter located to the right hand side. To the rear of the store is a storage/washing up/preparation area. Both shops are very well presented and modern, they are both fully equipped.

Fixtures & Fittings

Bread Oven

Walk In Freezer & Fridge

Large Chilled Display Serving Cabinets

Toasting Oven

Coffee Machine

Epos Till

Microwave

Drinks Dispenser

Open Door Fridge (Just ones Store has this)

Opening Hours

St Georges Crescent

Mon - Fri: 07:00 - 22:00


Sat: 08:00 - 22:00
sun: 09:00 - 22:00

Regent Street
Mon & Tue: 07:00 - 21:00

Wed - Fri: 07:00 - 22:00


Sat: 08:00 - 23:00
sun: 09:00 - 20:00

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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