Retail premises for sale in Wormalds Yard, King Street, Huddersfield HD1

£89,950
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Prominent Town Centre Position
  • 2019 Profit & Loss Available
  • Annual Turnover £285,854
  • Gross Profit £122,322
  • Full Financial Info Available After Viewing
  • Full Franchise Training & Support
  • Seating For 18
  • Excellent Reputation
  • Close To University Of Huddersfield
  • Nicely Presented
  • Fully Equipped
  • Five Star Food Hygiene Rating
  • Active Accounts With Just Eat & Uber
  • Potential For Longer Opening Hours
  • EPC – F

Property description

Ref 7067 – Leasehold Sandwich Bar Franchise - Huddersfield
Blacks Brokers are pleased to bring to the market this leasehold Subway franchise opportunity located in a busy pedestrianised area of Huddersfield, West Yorkshire. Introduction
This sandwich bar franchise on King Street, Huddersfield was established by our client in 2004. 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.


Location


The business is positioned within a popular shopping parade in the centre of Huddersfield. This area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as tk Maxx and WHSmith. The area is very well linked by the M62, public transport links are excellent and parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, it is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


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 ten year lease which began in 2014 at a cost of £577 per week.


Staff


The business is currently operating with seven members of staff supporting our client working on a full time basis.


Financial details


This business has traded solidly since opening.The accounts year end May 2019 show an annual turnover of £285,854 with a gross profit of £122,322. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing.


Business rates


The business has a rateable value of £10,598. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


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 catering service for other local businesses and offices as well as student events held at the university. 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: £89,950.

Please quote ref: 7067

Business Accommodation

Building layout and design

The business is presented with the standard corporate branding and signage displayed above a fully glazed frontage. This well presented shop occupies a prominent trading position within a busy parade. Inside, there is a dining area, it is very well presented with good quality fitted fixtures and fittings in place, wooden and tiled flooring throughout and neutral decor. The servery counter is positioned to the rear with preparation kitchen behind. To the rear there are also toilet facilities, washing up area, walk in fridge and freezer. All areas are finished nicely with good quality fixtures and fittings in place.

Fixtures & Fittings

Tables

Chairs

Epos Till

Drinks Display Fridge x 2

Refrigerated Glass Display Unit

Microwave

Oven

Proofer

Coffee Machine

Slicer

Fridges

Freezers

Opening Hours

Mon - Sat: 07:00 - 19:00
sun: 10:00 - 19:00

Arrange Viewing

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

Contact Blacks Business Brokers about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

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.

Properties on the market nearby

10 more properties like this

View all Wormalds Yard commercial properties for sale