Restaurant/cafe for sale in Chineham Shopping Centre, Chineham, Basingstoke RG24

£275,000
Restaurant/cafe for sale
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Property description

Business
Please quote reference B06039

Hilton Smythe welcomes to the market an exciting opportunity to acquire (all on a leasehold basis) an exceptionally well run and performing, “turnkey” portfolio of well-known sandwich shops, with an excellent reputation, associated with a strong and consistent brand.

The business has only now come to the open market as it is our clients desire to leave the industry due to upcoming relocation.

The business has been under the careful and meticulous ownership of our client for many years and who have grown the business year on year to an impressive level with turnover and profit levels growing steadily.

The portfolio consists of 2 separate, beautifully presented franchises in the following high footfall locations, all with secure lease agreements in place, and further benefiting from all having well trained, experienced staff in place including a regional manager, shop managers & assistant managers to run the shops.

Brighton Hill Centre, Basingstoke RG22
Chineham Shopping Centre RG24

The Subway brand is world famous for its consistent quality from the level of service, sandwich ingredients/choices and drinks.

The first Subway opened in the U.K. In 1996 and since expanded at an exceptional rate which continues to expand today. The UK head office is based in Cambridge, offering support on R & D, Lessing, customer services, training, and franchisee services. Subway has invested heavily in developing their existing menu options by adding more health-conscious salads, wraps, plant-based options, and smaller toasted bites which has proven very successful.

Our client informs us they work very little within the business and advises any new owner working more hours would instantly make savings in the labour costs.

We are advised the business attracts a very loyal mix of customer types from nearby office workers, students, shop workers as well as family’s coming to the towns & retail centres to shop.

The business has been quick to react to forced closing due to covid-19 and added a new delivery service through Just Eat, Uber eats, and Deliveroo which is proving very popular & the delivery side has remained strong, continuing to boost the weekly sales.

The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.

Location
Brighton Hill Centre, Basingstoke, RG22 -

Ideally Situated in the centre of a busy parade next to large Asda store. Significant level of local residents and commercial opportunity and a secondary school across the road with over 1000 students. Striking lit up signage and very large store front with large clear windows. Outdoor seating (outside of covid-19). Ao Boards, a-boards and banner advertising space for great marketing.

Basingstoke is the largest town in the county of Hampshire and is very well serviced in terms of local amenities. It is situated in south central England and lies across a valley at the source of the River Loddon. It is located 30 miles northeast of Southampton, 48 miles southwest of London, and 20 miles northeast of the county town and former capital Winchester.

Chineham Shopping Centre, Basingstoke, RG24 -

Ideally Situated in the centre of a busy out of town 'open air' shopping centre next to a large Tesco’s store with 2 large business parks, significant level of local residents and commercial opportunity. Outside seating (outside of covid-19). Striking lit up signage and large store front with large clear windows and ao and a-boards plus banner advertising spaces in car parks for great marketing.

Basingstoke is the largest town in the county of Hampshire and is very well serviced in terms of local amenities. It is situated in south central England and lies across a valley at the source of the River Loddon. It is located 30 miles northeast of Southampton, 48 miles southwest of London, and 20 miles northeast of the county town and former capital Winchester.

Premises
Brighton Hill Centre, Basingstoke, RG22

Internal – Bright store 125 sq. Metres internally. Well looked after décor in wooden style with large Subway logo on wall, black floor tiles. There are currently approx. 34 covers (including 2 x highchair) with lots of space in between tables. Window bench seating, 3 x tables and chairs and 4 x tables with bench seating. Separate drink dispensing area with ice machine. 1 customer toilet, rear entry for waste and deliveries, free parking at rear for 2 spaces. Free large car parking area outside. Large office space to rear.


  • Customer toilet

  • Customer drinks station (free pour soft drinks machine & ice machine)

  • Open plan service counter with 8 clear menu panels

  • Back kitchen/preparation area

  • Staff toilet/changing facilities


Equipment included –


  • Glass fronted drinks fridge counter standing

  • New design crisp stand

  • Epos till system

  • Just eat & recently added Uber ordering terminal

  • Bread Proofer and Oven

  • Bread Cabinet

  • Glass fronted preparation chiller

  • Toaster (brand new in Jan 2021)

  • Coffee Machine

  • Sandwich Unit

  • Cookie Holder

  • Walk in chiller with integral retarder

  • 1 walk-in freezer

  • Kitchen/Prep area

  • Storage racking

  • Tables and Chairs (including 4 black tub chairs for more relaxed experience)

  • Free parking spaces for 2 cars

  • Deliveries and waste all collected from the rear of the premises.

  • Work undertaken recently

  • Brand new coffee machine Nov 2020


Chineham Shopping Centre, Basingstoke, RG24.

Internal – Bright store 92.7 sq. Metres internally. Well looked after décor in wooden style with large Subway logo on wall, black floor tiles. There are currently approx. 25 covers (including 2 x highchair) with lots of space in between tables. Window seating plus 4 x 4 tables and chairs/bench seating, tub chair seating for 6 with low level coffee tables. Separate drink dispensing area with ice machine. 1 customer toilet and 1 staff toilet, rear entry for waste and deliveries, lots of free parking, managers desk at rear. Just eat are a significant part of the business.


  • Customer toilet

  • Customer drinks station (free pour soft drinks machine & ice machine)

  • Open plan service counter with 8 clear menu panels

  • Back kitchen/preparation area

  • Staff toilet/changing facilities


Equipment included –


  • Glass fronted drinks fridge counter standing

  • New design crisp stand

  • Epos till system

  • Just Eat & recently added Uber ordering terminal

  • Bread Proofer and Oven

  • Bread Cabinet

  • Glass fronted preparation chiller

  • Toaster (brand new in Jan 2021)

  • Coffee Machine

  • Sandwich Unit

  • Cookie Holder

  • Walk in chiller with integral retarder

  • 1 walk-in freezer

  • Kitchen/Prep area

  • Storage racking

  • Tables and Chairs (inc 4 black tub chairs for more relaxed experience)

  • Rear of premises

  • 3 very large free car parks in facility

  • Deliveries and waste all collected from the rear of the premises.



Tenure
We are advised that the businesses are being sold on a Leasehold basis, on the following lease terms;

RG22 - 9 years remaining on the 15 year lease, with the rent at £26,500 per annum & £7,000 rates payable.

RG24 - 8 years remaining on the 15 year lease, with the rent at £25,000 per annum & £6,300 rates payable.

Hours
The business is currently trading;

Monday – 06:30-21:00
Tuesday - 06:30-21:00
Wednesday - 06:30-21:00
Thursday - 06:30-21:00
Friday - 06:30-21:00
Saturday - 06:30-21:00
Sunday - 08:00-18:00

Staff
We are advised that the business has 18 members of staff, including full time and part time workers and also a regional manager.

Financial Profile
Full financials can be made available upon further request.

Please qoute reference BO6039

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For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (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 Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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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