Ref 7636 – Leasehold Sandwich Shop Franchise
Blacks Brokers are pleased to bring to the market this leasehold sandwich shop franchise located in Leeds, West Yorkshire.
This business was established in this bustling area of Leeds in 2019 when the business was newly fitted throughout. 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. It is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this superb trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Just Eat and Deliveroo.
This business occupies a retail park trading position with free parking immediately outside the property. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Costa and Laura Ashley. There are also a number of supermarkets, gyms and other local amenities nearby. The area is well linked by the M1, M62 and A61 with very strong public transport links close by.
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is 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 ten year lease which began in 2019 at a cost of £346 per week. This will rise to £365 in 2022. An additional service charge for this retail park is £2,000 per annum – this includes water rates.
The business operates with ten members of staff in employment – our client oversees management in addition to managing another similar business nearby.
The business has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £312,000 and gross profit to be confirmed. The business currently pays 12.5% of sales to Subway - 8% royalties and 4.5% marketing fees. Any potential buyer will need to undertake a two week training course with Subway. Full financial information is available upon request.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This newly fitted and well established business occupies an enviable trading position in a thriving shopping area in Leeds. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of social media usage and a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £165,000.
Please quote ref: 7636