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Popular Sandwich Bar Franchise - Huddersfield For Sale

Huddersfield, West Yorkshire, UK
Asking Price:
£89,950 Furniture / Fixtures included
Turnover:
£285,854
Net Profit:
Available on request

Prominent Town Centre Position
2019 Profit & Loss Available
Annual Turnover £285,854
Gross Profit £122,322
Full Financial Info Available After Viewing
Full Franchise Training & Support
Seating For 18
Excellent Reputation
Close To University Of Huddersfield
Nicely Presented
Fully Equipped
Five Star Food Hygiene Rating
Active Accounts With Just Eat & Uber
Potential For Longer Opening Hours
EPC – F

REF 7067 – Leasehold Sandwich Bar Franchise - Huddersfield
Blacks Brokers are pleased to bring to the market this leasehold Subway franchise opportunity located in a busy pedestrianised area of Huddersfield, West Yorkshire. INTRODUCTION
This sandwich bar franchise on King Street, Huddersfield was established by our client in 2004. 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 this 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 the franchise and two weeks training will be provided initially.

LOCATION
The business is positioned within a popular shopping parade in the centre of Huddersfield. This area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as TK Maxx and WHSmith. The area is very well linked by the M62, public transport links are excellent and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, it is now 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 ten year lease which began in 2014 at a cost of £577 per week.

STAFF
The business is currently operating with seven members of staff supporting our client working on a full time basis.

FINANCIAL DETAILS
This business has traded solidly since opening.The accounts year end May 2019 show an annual turnover of £285,854 with a gross profit of £122,322. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing.

BUSINESS RATES
The business has a rateable value of £10,598. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business is well established and located in a superb trading position in a busy pedestrianised area of the town. There is plenty of scope to develop the business further with the introduction of longer opening hours to include late nights and a catering service for other local businesses and offices as well as student events held at the university. 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.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SAT: 07:00 - 19:00 SUN: 10:00 - 19:00

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