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Well Known Sandwich Franchise Business For Sale. For Sale

Dereham, Norfolk, UK
Asking Price:
£169,995
Turnover:
£223,260
Net Profit:
Available on request

Business
Please quote reference B05947

Hilton Smythe are delighted to present to the market a very well established Subway Franchise.

The business was established by our client over 10 years ago who is now looking to sell the franchise to now retire.

As you can see from the attached photos, the business has undergone a complete refurbishment with Subways new lime green/white contemporary brand design been installed. Our client advises this was just completed in February 2020 at a cost of £105,000.

Any new owner will be able to take full advantage this recent refurbishment and have no need to make any large investment for the next 10 years.

The Subway brand is world famous for its consistent quality from the level of service, sandwich ingredients/choices and drinks. The first Subway opened in the U.K. in 1996 and since expanded at an exceptional rate which continues to expand. The UK head office is based in Cambridge, offering support on R & D, Lessing, customer services, training and franchisee services.

Subway has invested heavily in developing their existing menu options by adding more health conscious salads, wraps, plant based options and smaller toasted bites which is proven very successful.

Our client informs us he works very little within the business and advises any new owner working more hours would instantly make savings in the labour costs.

We are advised the business attracts a very loyal mix of customer types from nearby office workers, students, shop workers as well as family’s coming to the town to shop.

The business has been quick to react to forced closing due to Covid and added a new delivery service through Just Eat which is proving very popular and now as the store is fully open, the delivery side has remained strong, continuing to boost the weekly sales.

Very rarely do new Subway deigned franchises of this standard come onto the open market and we therefore recommend very early viewings to avoid disappointment.

Location
This highly prominent Subway Franchise is located on the Market place in Dereham, Norfolk.

Dereham (also known as East Dereham) is a desirable Town in the Breckland District of Norfolk. It is situated on the A47, 15 miles west of Norwich and 25 miles of King’s Lynn.

The store is well positioned on a busy parade of shops including a Betfred, barbers, estate agents, newsagents as well facing all the major banks and building societies, all the main High street stores including Boots, Co-op & Poundland.

There is a large pay and display car park within 2 mins walk from the store and the nearest mainline station is Mid-Norfolk Railway – Dereham.

Premises
New bright white facia with Yellow Subway letters, branded menu board.

Internal – new design includes grey wall and floor tiles, bright green feature wall and lit signage. There are currently approx. 20 covers (including 4 x high chairs) with lots of space in between tables.

Customer toilet
Customer drinks station (free pour soft drinks machine & ice machine)
Open plan service counter (with 3 x new design plasm TV menus)
Back kitchen/preparation area
Staff changing facilities/ dry store

Equipment included –

Glass fronted drinks fridge
New design crisp stand
Epos till system
Just eat ordering terminal
Bread Proofer and Oven
Bread Cabinet
Glass fronted preparation chiller
Toaster
Coffee Machine
Sandwich Unit
Cookie Holder
Walk in chiller
3 fridges
1 walk-in freezer which was commissioned Oct 2019.
Large Kitchen
Preparation unit
Storage racking
Tables and Chairs & new green/grey leather chair

Tenure
We are advised the business is being sold as a leasehold with 2 years remaining paying £17,500 per annum. The landlord has confirmed he is happy to extend the lease.

Hours
Opening hours at the moment are Monday to Sunday - 9:00am - 7:30pm.

The normal business hours are 7:00am - 9:00pm

Staff
We are advised there are 5members of staff.

Financial Profile
As of the 2020 accounts, the business generated a Turnover of £223,260, Gross profit of £106,152 and an Adjusted ne profit in the region of £62,000.

Please quote reference B05947

Property Information

Property:

Leasehold

Contact Hilton Smythe

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