Almost Half Price Strathclyde Subway Franchise For Sale

Business description

Subway sandwich franchise for sale - part of the world's largest biggest sandwich chain with over 30,000 restaurants worldwide.

This particular franchise has an excellent reputation and brand awareness. It is famous all over the world for freshly made sandwiches made to order in front of the customer, and its low fat sandwich options.

The store is just over a year old and has been fitted out to an extremely high standard. In addition to the store itself, the property also benefits from a further two floors of potential office space.

The owner didn't work in the store in the first year so significant savings can be made to the wage bill. If the buyer does work in the store, profits will increase greatly.

The price of the business has been set so low to ensure a quick sale - to open a new Subway store would cost in the region of £130,000.

Franchise terms

Subway receive royalties of 8% of net sales. A further 4.5% is paid to the advertising fund. The buyer must complete 2 weeks training at Subway world HQ in order to become a franchisee. Unfortunately training cannot be carried out in the UK, as Subway need to ensure that training on all aspects of running a store are covered.

Property information

Property:

Leasehold

Lease terms:

Lease due to be renewed in 4 years

Leasehold rent:

£14,600 per annum

Location:

Situated on a prime corner site on the High Street - highly visible to traffic coming from three directions. Close proximity to the high school and other local businesses guarantees excellent lunchtime trade. The store also benefits from increased volumes of shoppers and tourists during summer.

Premises details:

In addition to the serving area, there is a large food preparation area containing walk-in fridges and freezers and a basement for further storage. Also included with the premises are two floors above the shop, which could be used for further storage or office space.

Other information

Trading hours:

Open seven days a week 9am - 9pm

Financing available:

Subway have approved asset finance companies who would be likely to finance at least some of the equipment

Furniture / Fixtures value:

£45,000 (included in the asking price)

Inventory / Stock value:

£2,500 (included in the asking price)