Subway Franchise In Stoke-on-Trent For Sale

Business description

Subway Franchise In Stoke-on-Trent - Part of World's largest franchise business community

Store built with a high standard in October 2006 and has maintained the décor and standard throughout. The equipments and building work including a custom built dry storage area in the basement are as good as newly built.

The Store is on a high street with around 200 shops, one retail park (Matalan, ASDA, Next, Argos) and a High School nearby. In terms of potential to be explored, the high school staff (over 100) and students (800+) and an upcoming Retail park nearby present an attractive opportunity for Sale increase. Also, existing shoppers and business nearby have a great potential to built Subway eating habit.

Report detailing the P & L for this financial year to date is available on request.

The annual turnover has been around £110000+ and Store has been meeting all expenses and services to loans and liabilities.

Franchise terms

Property on Lease for further 13+ years with Rent of just £13,000 per annum. Rent is renewed 5 yearly.

Property information

Property:

Leasehold

Lease terms:

15 Years

Leasehold rent:

£13,000 per annum

Location:

175, High Street, Tunstall
The Store is on a high street with around 200 shops, one retail park (Matalan, ASDA, Next, Argos) and a High School nearby. In terms of potential to be explored, the high school staff (over 100) and students (800+) and an upcoming Retail park nearby present an attractive opportunity for Sale increase. Also, existing shoppers and business nearby have a great potential to built Subway eating habit.

Size in square feet:

1000 Sq Ft +

Other information

Expansion potential:

In terms of potential to be explored, the high school staff (over 100) and students (800+) and an upcoming Retail park nearby present an attractive opportunity for Sale increase. Also, existing shoppers and business nearby have a great potential to built Subway eating habit.

Competition / Market:

A few local food outlets on high street not causing any major competition as compared to a brand like SUBWAY

Support & training:

Any knowledge transfer and subject matter support will be available from existing franchisee for a couple of months. Also, once perspective buyer becomes a franchise from SUBWAY, full support from DA office is available as on-going support.

Reasons for selling:

The reason for Sale is mainly the main franchisee requiring getting back to look after Children and finding out difficult to spend appropriate time in the business.

Trading hours:

79 hrs per week, Mon-Sun

Financing available:

The existing arrangements with Bank and Equipment leasing (used to buy fixtures, fittings above) can be moved to new franchisee in which case asking price will be reduced by the outstanding value from bank and leasing company.

Furniture / Fixtures value:

£98,000 (included in the asking price)

Inventory / Stock value:

£2,000 (included in the asking price)

Website:

www.subway.com

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