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Franchise Opportunity In Darlington For Sale

Darlington, Durham
Asking Price:
£36,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Under £50K

Large New Cinema Complex
Annual Turnover £178,230
Operated Under Management
Five Star Food Hygiene Rating
Full Franchise Support & Training
Customer Car Park For Around 100
Managed By Experienced Staff
Scope For Longer Opening Hours
Potential To Cater For Local Businesses
23% Increase on Sales Year on Year
Huge Potential for Localised Marketing Campaign

INTRODUCTION

This franchise in Feethams Leisure Complex has been trading since 2016 with our client in ownership since then. 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 stores in the UK and Ireland, making the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by and two weeks training will be provided initially.

LOCATION

This relatively new complex is 5 minutes walk from Darlington's busy town centre along with the main line train station. It is located to several large businesses ie..Royal Mail, Darlington Borough Council head offices with development planned of large offices 1 minutes walk away from the store. The store would benefit hugely from a local marketing campaign which would significantly increase sales.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operating team and is only available due to our client’s other business commitments being more time consuming than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The business is held on a fifteen year lease which began in 2016 at a cost of £480 per week.

STAFF

The business is currently operating with seven members of staff in employment supporting our client overseeing the management of the shop. This includes a full time manager.

BUSINESS RATES

The rateable value is £13,200. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is located within a relatively new Leisure/Cinema complex which has huge growth potential as demonstrated by this year's growth of 23% with minimal marketing. There is plenty of scope to develop the business further with the introduction of longer opening hours to include late nights and a delivery service which is in high demand in this area. There is also potential to cater for other large local businesses. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

A similar store would cost around £120,000 to setup.

The existing owner is willing to offer a financial support package so that the owner can secure the opportunity for very little money upfront and/or no bank loans/expensive finance.

Trading Hours:

Mon - Tues - 7am - 8pm
Wed - Thurs - 7am - 9pm
Fri - Sat - 7am - 10pm
Sun - 9am - 8pm

Tenure: Leasehold

Accommodation Details:

The business is presented with the standard Subway corporate branding and signage displayed above a fully glazed frontage. This well presented shop occupies a prominent trading position within this busy centre. Inside, the dining area offers seating for around twenty. It is very well presented with good quality fitted fixtures and fittings in place, tiled flooring throughout and neutral decor. To the rear of the store is the usual, large display servery/counter and sandwich preparation area. At the rear there is a preparation area and washing up area. There is a disabled/ladies/gents toilet in place.

FINANCE:

The current owner would consider assisting interested parties by putting together a financial assistance package.

If interested please contact the seller through the form on this page.

Property information

Property:

Leasehold

Leasehold Rent:

£25,000 per annum

Size in square feet:
1,000

Business Operation

Reasons for selling:

Other Business Interests

Employees:
7
Years established:
2

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

12.5% of net sales

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
£120,000 - included in the asking price

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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