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Portfolio Of Well Known Sandwich Shops For Sale

Totton, Hampshire, UK
Asking Price:
£315,000
Turnover:
Available on request
Net Profit:
Available on request

Business
Please quote reference B06038

Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) exceptionally well run and performing, “turnkey” portfolio of well-known sandwich shops, with an excellent reputation, associated with a strong and consistent brand.

The business has only now come to the open market as it’s our clients desire to leave the industry due to upcoming relocation.

The business has been under the careful and meticulous ownership of our client for many years and who have grown the business year on year to an impressive level with turnover and profit levels growing steadily.

The sale consists of 2 separate, beautifully presented franchises in the following high footfall locations, all with secure lease agreements in place, and further benefiting from all having well trained, experienced staff in place including a regional manager, shop managers and assistant managers to run the shops.

Mallards Building, Station Road, New Milton, BH25
Water Lane, Totton, SO40

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 today. 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 has proven very successful.

Our client informs us they work very little within the business and advises any new owner working more hours would instantly make savings in the labour costs.

We are advised the business attracts a very loyal mix of customer types from nearby office workers, students, shop workers as well as family’s coming to the towns & retail centres to shop.

The business has been quick to react to forced closing due to COVID-19 and added a new delivery service through Just Eat, Uber Eats and Deliveroo, which is proving very popular and the delivery side has remained strong, continuing to boost the weekly sales.

The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.

Location
Mallards Building, New Milton, BH25

Ideally Situated in the centre of a busy high street near to Morrison’s, with significant level of local residents and commercial opportunity leading to a great level of footfall & passing trade. Striking lit up signage and permission for outdoor seating (outside of COVID-19). Large clear windows and a-boards for great marketing. Double opening doors for easy access.

New Milton is a market town in the south west corner of Hampshire, England. It has a long high street with mainly 20th century architecture. It has six schools and two colleges within or nearby and is well serviced in terms of local amenities. The northern part of its civil parish, Bashley is in the New Forest and the south touches the coast, Barton-on-Sea. The town is equidistant between Lymington town centre and Christchurch town centres, 6 miles away.

Water Lane, Totton, SO40

Ideally situated within a prominent & busy retail shopping parade area within the town, next door to the Post Office, & further surrounded by a host of complementary businesses leading to a good level of footfall and passing trade with ease of access.

Totton and Eling is a town and civil parish in Hampshire, England, with a population of circa 29,000 people. It is situated between the eastern edge of the New Forest and the River Test, close to the city of Southampton but outside the city boundary; the town is within the New Forest non-metropolitan district.

Premises
Mallards Building, New Milton, BH25

Internal – Bright store 92.7 sq. metres internally. Well looked after décor in wooden style with large Subway logo on wall, black floor tiles. There are currently approx. 28 covers (including 1 x highchair) with lots of space in between tables. Door situated centrally in shop front and tub chair and coffee table seating either side as you enter. Addition seating alongside the right-hand wall. Separate drink dispensing area with ice machine.

Customer toilet
Customer drinks station (free pour soft drinks machine & ice machine)
Open plan service counter with 8 clear menu panels
Back kitchen/preparation area
Staff toilet/changing facilities

Equipment included –

Glass fronted drinks fridge counter standing
New design crisp stand
Epos till system
Just eat & recently added Uber ordering terminal
Bread Proofer and Oven
Bread Cabinet
Glass fronted preparation chiller
Toaster (brand new in Jan 2021)
Coffee Machine
Sandwich Unit
Cookie Holder
Walk in chiller with integral retarder
1 walk-in freezer
Kitchen/Prep area
Storage racking
Tables and Chairs (inc 4 black tub chairs for more relaxed experience)
Rear of premises
Free parking spaces for 2 cars
Deliveries and waste all collected from the rear of the premises.
Work undertake recently
Brand new toaster Jan 2021
Brand new tomato slicer Nov 2020
Just added Uber 3rd Jan 2021

Water Lane, Totton, SO40

Internal – Bright store 325 sq. metres internally. Well looked after décor in wooden style with large Subway logo on wall, black floor tiles. There are currently approx. 43 covers (including 2 x highchair) with lots of space in between tables. Window bench seating, large low level group table seating 14 on right as enter, on left 3 sets of tub chair and coffee table seating and 6 tables of 4 . Separate drink dispensing area with ice machine.

Customer toilet
Customer drinks station (free pour soft drinks machine & ice machine)
Open plan service counter with 8 clear menu panels
Back kitchen/preparation area
Staff toilet/changing facilities

Equipment included –

Glass fronted drinks fridge counter standing
New design crisp stand
Epos till system
Just eat & recently added Uber ordering terminal
Bread Proofer and Oven
Bread Cabinet
Glass fronted preparation chiller
Toaster (brand new in Jan 2021)
Coffee Machine
Sandwich Unit
Cookie Holder
Walk in chiller with integral retarder
1 walk-in freezer
Kitchen/Prep area
Storage racking
Tables and Chairs (inc 4 black tub chairs for more relaxed experience)
Rear of premises
Free parking spaces for 2 cars
Deliveries and waste all collected from the rear of the premises.
Work undertaken recently
Entire store new pipe work
New wall and re tiled in customer toilets.
New water heater Dec 2020

Tenure
We are advised that the businesses are being sold on a Leasehold basis, on the following lease terms;

BH25 - 2 years remaining on the 15 year lease, with the rent at £16,000 per annum & £5,000 rates payable.

SO40 - 1 year remaining on the 15 year lease, with the rent at £26,000 rent per annum & £7,700 rates payable.

Hours
The business is currently trading;

Monday – 06:30-21:00
Tuesday - 06:30-21:00
Wednesday - 06:30-21:00
Thursday - 06:30-21:00
Friday - 06:30-21:00
Saturday - 06:30-21:00
Sunday - 08:00-18:00

Staff
We are advised that the business has 18 members of staff, including full time and part time workers and also a regional manager.

Financial Profile
Full financials can be made available upon further request.

Please quote reference B06038

Property Information

Property:

Leasehold

Contact Hilton Smythe

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