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Subway Franchise In Teesside For Sale

Teesside Industrial Estate, Teesside
Asking Price:
£70,000 Furniture / Fixtures included
Turnover:
£200,000
Net Profit:
Available on request

• Gross Sales approx £4,300 weekly.
• Located within a modern, refurbished parade.
• Spacious unit with designated car park.
• Immaculate fit out with 15 - 25 internal covers.
• Ideal for couple or partnership to operate.
• LEASEHOLD

Sensible offers in the region of £70,000 plus SAV are invited.

Property information

Property:

Leasehold

Lease Terms:

Held on a 15 year lease from 2018 at a passing rental of £21,500 per annum plus VAT with a rent reviews and break clause every 5th anniversary. There is a service charge applied for the communal areas.

Leasehold Rent:

£21,500 per annum

Location:

The business is located at the main entrance to this popular industrial estate on the south side of Middlesbrough and Stockton. Access is excellent via the A174 which in turn leads directly to the A19 Trunk Road and the rear of Subway unit could be made clearly visible to the A174. There is a designated car park for the parade and other tenants include Greggs The Bakers and NRG cycles.

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 2,800. The brand has plans to increase this to nearly 3,000 stores over the next few years. The units are generally sited in prime, or high profile, and high footfall locations.

This is a recently established outlet which opened for trade in May 2018 but has been reluctantly placed on the market as our client can no longer make a personal commitment to the day to day operation.

The business benefits from the very strong levels of captive trade on the estate with passing trade generated from the roadside location and designated car parking. New housing is earmarked for nearby Ingleby Barwick whose population is expected to increase from 10,000 to 25,000 residents.

Subway provide 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.

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 franchise is compact and easily managed and best suited to a couple or partnership to owner operate.

Agents Notes;

A franchise fee of £5,000 is payable to SUBWAY which covers the transfer and 2 week training course.

Premises:

Ground Floor: comprises a ground floor lock up retail unit fully fitted and equipped for the trade.

Sales Shop circa 694 sq.ft. (64.4 sq.m.) with equipment including serve over deli counters, coffee machine, soft drink dispensers, chillers, grills, ovens, fridges plus seating.
W.C.
Stores/Prep circa 221 sq.ft. (20.5 sq.m.) with walk in chiller, dishwasher, sink units, worktops, CCTV system and alarm.

Size in square feet:
930

Business Operation

Reasons for selling:

Owner relocating.

Trading hours:

Monday - Friday 7.00am - 8.00pm
Saturday 8.00am - 7.00pm
Sunday 9.00am - 7.00pm

Employees:
Run entirely under management.

Franchise Information

Franchise opportunity:

Franchise Resale

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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