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Subway Franchise In Glasgow City Centre For Sale

Glasgow, Glasgow City, UK
Asking Price:
£75,000
Turnover:
£202,195
Net Profit:
Available on request

Subway
Merchant Building, 16 High Street, Trongate, Glasgow, G1 1NL

• Well established Subway sandwich franchise
• One of the World’s largest food franchises
• Extremely prominent City Centre trading position
• Benefitting from high levels of passing traffic & footfall
• Designed & fitted to high standard (18 covers)
• Sales to Y/e March 2020 (50 weeks) £202,195 net of vat
• Run completely under management

The business/opportunity
Our client took over this franchise approximately 6 years ago, and the business had been established a couple of years prior to that, so the business is therefore well established in this location. The business enjoys a loyal and regular customer base derived from the local residents, students and office workers which is supplemented by the high volumes of shoppers, as well as tourists and day-trippers who flock to Glasgow throughout the year. The business also benefits from the surrounding licensed premises as well as the high volumes of passing traffic on High Street, with on street parking available nearby.

Subway is one of the most recognised food franchises in the world, with the group expanding rapidly due to its popularity and success, focusing on their wide range of submarine sandwiches. The Subway brand offers an exceptional franchise opportunity, providing franchisees with the tools and knowledge to run their own successful business.

The business is run completely under management and trades 10am-7pm, 7 days a week. It is felt the business could benefit further from a more hands on owner operator who could devote more time to developing the business as well as increasing profitability further.

Property Information

Property:

Leasehold

Lease Terms:

The subjects are currently held on a 10-year FRI lease from 26/8/2013 with a current passing rental of £25,200 per annum. We have been advised that the lease can be extended by a further 10 years.

Leasehold Rent:

£25,200 per annum

Location:

The subjects benefit from a prominent trading position in a busy retail parade within the Merchant Building, a modern development of stylish apartments with retail on the ground floor, situated on High Street, close to the junctions of Trongate and Gallowgate, within Glasgow City Centre.

The subjects benefit from high levels of footfall and passing traffic throughout the day and evening, being positioned at Glasgow Cross and only a ‘stone’s throw’ from the bustling and stylish Merchant City.

The surrounding area is densely populated with a good mix including young professionals and students, with a number of modern residential and student developments nearby, and also benefits from the high number of surrounding shops, offices and licensed premises. Surrounding operators include Tesco Express, Dominos, McChuills, Maggie Mays and Bucks Bar.

Glasgow is located in the West of Scotland, 40 miles west of Edinburgh. It is the 4th largest city in the UK and the largest in Scotland, with a population of circa 600,000, however there are around 1.2 million people in the Greater Glasgow urban area.

Premises Details:

The subjects are entered via the large fully glazed frontage and internally the business premises have been designed and fitted to Subway’s high specification. The counter/servery is positioned to the left-hand side of the retail area and incorporates a large serve over display counter displaying a wide range of hot and cold sandwich fillings. To the rear of the counter there is a range of equipment including bake off oven, bread proofer, bread cooler, toasting oven, microwave, as well as a coffee machine and display drinks fridge. A self-service soft drinks dispenser is positioned to the front. Seating is provided for circa 18 customers by way of fixed booths and stool seating at the window table.

Ancillary areas
• Back shop area with preparation and dish wash areas
• Walk in chill
• Walk in freezer
• Customer toilets
• Staff toilet
• Ancillary storage

Size in square feet:
853
Energy Performance Rating:
G

Business Operation

Trading hours:

10am-7pm, 7 days a week

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Further information on the franchise terms can be provided on request.

Other Information

Related Documents:

Contact Smith & Clough Business Associates

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