Retail premises for sale in Clitheroe, England, United Kingdom BB7

Ref 7596 – Leasehold Sandwich Shop Franchise
Blacks Brokers are pleased to bring to the market this leasehold sandwich shop franchise located in Clitheroe, Lancashire.

Introduction

Subway, Primrose Garage was established by our client in this very busy trading position in 2010. 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 excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Just Eat. The current owner was also previously named as franchisee of the year reflecting that this business is very well kept and well run.

Location

Subway, Primrose Garage occupies a main road trading position within a busy Texaco garage with Spar. The area is densely populated residentially but is also close to other large multiples such as Aldi and Pets At Home. There are a number of local amenities nearby including schools, gyms and sports clubs. The area is well linked by the A59 and M65 with very strong public transport links and free parking is available immediately outside on the garage forecourt.

Reason for sale

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.

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 fifteen year lease which began in 2010 at a cost of £404 per week.

Staff

The business operates with five members of staff in employment supporting our client and partner working on a full time basis.

Financial details

Subway, Primrose Garage has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st July 2022 show annual turnover of £246,749 and gross profit of £126,584. 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 and a franchise fee of 3,750 Euros is required by Subway. Full financial information is available upon request.

Summary

This very well established business occupies an enviable trading position in a busy residential area of Clitheroe. 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 a new social media presence and strong marketing drive in the local area. 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: £49,950.

Please quote ref: 7596