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Town Centre Trading Location
Annual Turnover Around £260,000
Accounts Available Upon Viewing
Management In Place
Close To Large Multiples
Very Well Presented
Customer Seating For 30
Staff Parking To Rear
Five Star Food Hygiene Rating
REF 6626 – Leasehold Subway Franchise
Blacks Brokers are pleased to bring to the market this leasehold Subway franchise located in a busy and much sought-after area of Bicester, Oxfordshire.
Subway on Manorsfield Road was established by our client in 2009 to meet local demand for a business of this type in this area. The business is part of the largest fast food chain in the world, with nearly 45,000 stores in 90+ countries. There are over 2,500 Subway stores in the UK and Ireland, making Subway the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide Subway franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by Subway and two weeks training will be provided initially.
Well established and highly visible, this branch of Subway is located in a prime main road trading position. This means the business benefits from an excellent amount of passing trade and regular repeat custom. Other nearby businesses include Sainsburys, Nando’s and Vue Cinema as well as a host of independent retailers and offices. The area is well linked by the M40, has excellent public transport links, there is staff parking to the rear and a large, free supermarket car park nearby.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to our client’s other business interests being higher than anticipated. Therefore, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is fifteen years with rent reviews every three. The current lease began in 2006 at a cost of £375 per week. We are advised the lease can be extended if preferred.
The business is currently operating with five members of staff in employment including a store manager. Our client is not involved in the day to day running of the business.
This busy branch of Subway has traded solidly since opening. We are advised that the business currently has annual turnover of £260,000. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing.
The business has a rateable value of £10,500. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a most enviable trading position and has a strong base of local and regular customers along with lots of passing custom. There is plenty of scope to develop the existing business further with the introduction of a delivery service, along with longer opening hours and a strong marketing campaign from a new owner. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a business owner looking for a branch of Subway with staff already in place requiring little owner input. Early viewings are strongly advised.
Mon - Fri - 7am - 9pm
Sat - 8am - 9pm
Sun - 9am - 9pm
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