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Subway Franchise In Jesmond For Sale

Newcastle upon Tyne, Tyne and Wear, UK
Asking Price:
£19,950
Turnover:
£218,400
Net Profit:
Available on request

• Gross Sales approx. £4,200 weekly.
• Prime residential area.
• Spacious unit with return frontage.
• 20 - 25 internal covers.
• Ideal for couple or partnership to operate.

Property Information

Property:

Leasehold

Lease Terms:

Held on a 10 year lease from 2015 at a passing rental of £30,000 per annum plus VAT with a rent reviews and break clause every 5th anniversary. Following any refit a 4 month rent free period would be applied.

Leasehold Rent:

£30,000 per annum

Location:

The business has been in our clients’ ownership for approximately 3 years and is situated in a very prominent location at the junction of St George’s Terrace with Hazelwood Avenue and forms part of a very secondary shopping area. Our client is disposing of the outlet as they are growing their franchise network in the south of the region.

Premises Details:

The UK Subway franchise originated in 1996 when the first store opened in Brighton and has expanded rapidly over the years with the current number of outlets being in the region of 1,800. The brand has plans to increase this to nearly 2,500 stores over the next 6 years. A typical new Subway franchise can cost well over £130,000 plus VAT to set up so this trading franchise offers great value for money.

This is a well-established outlet and the locations are generally prime and include high profile shopping centres, city centres and University areas.

There is a strong, identifiable corporate image backed up with marketing support and guidance from a head office team. For this support, and including the aggressive media marketing, the franchisees pay a fee which equates to circa 12.5% of the turnover.

The target customers are young professionals, students and office workers looking for good quality, good value food and drink. The low fat menu has proved particularly popular and the range of product is naturally evolving.

This franchise is compact and easily managed and would be ideal for a couple or partnership to owner operate.

Size in square feet:
1,648
Energy Performance Rating:
D  View EPC Graph for this property

Business Operation

Trading hours:

Monday - Sunday 7.00am - 9.00pm

Employees:
Currently run under management. Staff can be relocated to another store if they are not all required by the new owner.

Other Information

Contact North East Commercial

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