Prominent City Centre Location
Annual Turnover £281,403 (Covid Affected)
Gross Profit £90,428
Further Financial Info Available After Viewing
Five Star Food Hygiene Rating
Full Franchise Training & Support
4 Point CCTV
Delivery Service In Place
Scope For Marketing Drive
EPC - TBC
REF 7827 – Leasehold Sandwich Shop Franchise
Blacks Brokers are pleased to bring to the market this leasehold sandwich shop franchise located in Bradford, West Yorkshire.
The business was established by our client in this bustling and sought after area of Bradford. 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 Subway stores in the UK and Ireland, making Subway the largest fast food chain in the market place. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online.
The business occupies a main road trading position close to City Park, St George’s Hall and Bradford Interchange. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples. The area is well linked by the A6177 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is currently managed by staff due to our client’s other business commitments, therefore the business 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.
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 2015 at a cost of £1,115 per week.
The business operates with nine staff in employment – this includes a full time branch manager and deputy manager. Our client is not currently involved in the day to day management of the shop.
The business has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £281,403 and gross profit of £90,428 – it is worth noting that these figures were affected by COVID-19 closures. Pre-COVID turnover was in the region of £500,000 and projected turnover for YE 2022 is £395,000 with sales increasing week on week. The business currently pays 12.5% of sales to Subway - 8% royalties and 4.5% marketing fees. Any potential buyer will need to undertake a two week training course with Subway and a franchise fee of £8,500 is required by Subway. Full financial information is available upon request.
This well established business occupies an enviable trading position in a sought after and busy area of Bradford. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a strong marketing drive. A hands on owner could bring new energy to the business and reduce staffing costs significantly. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.