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Franchise - Subway In Busy Footfall Area For Sale

Swaffham, Norfolk, UK
Asking Price:
£44,995
Turnover:
£162,403
Net Profit:
Available on request

Business
Please quote reference B05920

Hilton Smythe are delighted to present to the market an impeccably presented Subway Franchise with both internal and external seating areas.

The business is currently in the process of a full refurbishment, which is due to complete May 2021.

The ‘Turn-key’ opportunity is now been made available for sale due to our clients wish to spend more quality time with her family. The franchise was established by our client 7 years ago and is now priced at a market price to achieve a quick sale, we therefore recommend early enquires to avoid disappointment.

The Subway brand is world famous for its consistent quality from the level of service, sandwich ingredients/choices and drinks. The first Subway opened in the U.K. in 1996 and since expanded at an exceptional rate which continues to expand. The UK head office is based in Cambridge, offering support on R & D, Lessing, customer services, training and franchisee services.

Subway has invested heavily in developing their existing menu options by adding more health-conscious salads, wraps, plant based options and smaller toasted bites which is proven very successful.

Currently the business is derived from both mobile ordering and walk- in customers, however our client informs us that Just Eat will also be going live soon which will significantly increase the turnover levels.

There is a loyal customer base included which includes shoppers, local office workers and medical staff. There is also a consistent order of business platters from the local Doctors and offices.

This store is completely staff managed with minimal input from our client, any new owner may continue with this structure of operation or take a more hands on control which would significantly reduce the labour costs.

We believe a fresh pair of eyes would help boost the advertising and awareness of the business. Increasing the outside platters and deliveries should be the focus as well applying for more chairs/tables to the front of the shop.

The business is also currently operating on reduced opening hours without the breakfast trade which will again instantly boost the current sales when this returns to normal.

Location
This well-established Subway Franchise is located on the Market Place within the centre of Swaffham, Norfolk.

Swaffham is a delightful Market Town dating back to the 14th century, located in the Breckland District and English county of Norfolk. It is situated 12 miles east of King’s Lynn and 31 miles west of Norwich.

The Subway store is well positioned, being surrounded by both complementary retail and leisure attractions which include the Swaffham Assembly Rooms, Bikecycle shop, Rasputin, TWB Department store, Opticians, The Works, Vaping store and other choices of cafes/takeaway businesses.

The business is also located directly facing St. Peter & St. Paul Church.

Market Place connects directly onto London Street and at the roundabout onto the A1065 which acts as the main link road to the A47.

Premises
Front External –

3 x tables with 6 x chairs (potential to increase with further application)

Ground Floor –

Fully branded subway store with tiles flooring, glass fronted service counter, 30 x internal covers, customer toilet
Rear section – fully fitted kitchen /preparation area, access to external bin store area.

Equipment included –

Bread Proofer and Oven
Bread Cabinet
Toaster
Coffee Machine
Sandwich Unit
Back Fridge
Cookie Holder
Tables and Chairs
2 Highchairs
2 A Frames
Advertising Flag
3 way sink unit
Shelving Units
Prep table
Walk in Fridge
Walk in Freezer
All food Cambros
All utensils
Marketing Stand

Tenure
We are advised the business is being sold as a leasehold with 8 years remaining on a 15-year renewable lease term paying £15,000 (short term reduction from £18,000).

The business now benefits from full small business relief paying 0 rates in the current year.

Hours
MONDAY – SATURDAY – 11.00 am to 6.00 pm (normally 7.00 am opening)
SUNDAY – 10.00 am to 5.00 pm

Staff
The business is staff run with 1 x full trained Manager, 2 x full time members and 1 x weekend team member.

Financial Profile
As of the 2019 accounts, the business generated an annual Turnover of £162,403 with an Adjusted net profit in the region of £18,000 - £19,0000.

Please quote reference B05920

Property Information

Property:

Leasehold

Contact Hilton Smythe

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