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Well Known Sandwich Franchise - Cheshire For Sale

Crewe, Cheshire, UK
Asking Price:
£299,950 Furniture / Fixtures included
Turnover:
£408,514
Net Profit:
£61,869

High Street Trading Position
Accounts Available To 31 August 2019
Annual Turnover £408,514
Gross Profit £247,638
Net Profit £61,869
Accounts Available After Viewing
Established 2003Retirement Sale
Fully Equipped
Well Presented
44 Internal Covers
20 External Covers
Fitted With CCTV, Alarm & Air Con
5* Food Hygiene Rating
Just Eat Account In Place
Excellent Online Reviews
Town Centre Under Regeneration
Scope To Extend Opening Hours
EPC - TBC

REF 7362 – Leasehold Well Known Sandwich Franchise

Blacks Brokers are pleased to bring to the market this leasehold well known sandwich franchise located in Crewe, Cheshire.

INTRODUCTION

Subway, Market Street was established by our client in Crewe town centre in 2003. The business is part of the largest fast food chain in the world, with nearly 35,000 stores in 90+ countries. There are over 1,500 Subway stores in the UK and Ireland, making Subway the largest fast food chain in the market place. It is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Just Eat and Trip Advisor.

LOCATION

Subway, Market Street occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as William Hill, New Look and Barclays Bank. There are also a number of car parks nearby as well as Cheshire College South & West and The Market Shopping Centre. The area is well linked by the M6 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2019 at a cost of £418 per week.

STAFF

The business operates with eight part members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Subway, Market Street has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st August 2019 show annual turnover of £408,514, gross profit of £247,638 and net profit of £61,869. Full financial information is available upon request.

SUMMARY

This long established business occupies an enviable trading position in a bustling area of Crewe. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new delivery services and longer opening hours, possibly a new social media presence to boost local interest with students. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

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