CoGoGo is delighted to present to the market a ‘New Concept’ Subway franchise with over 8 years trading history in this affluent town.
The franchise was purchased by our clients 5 years ago, who have now decided to sell to allow them to relocate with their family.
The Subway brand is world famous for its consistent quality from the level of service, sandwich ingredients/choices and drinks.
The following equiptment is also included in the sale-
New design crisp stand
Epos till system
Free flow soft drinks dispenser
Bread Proofer and Oven
Bread Cabinet
Glass fronted preparation chiller
Toaster
Coffee Machine
Sandwich Unit
Cookie Holder
Walk in chiller with integral retarder
1 walk-in freezer
Kitchen/Prep area
Storage racking
Tables and Chairs (3 tables, 12 chairs)
The first Subway opened in the U.K. in 1996 and has since expanded at an exceptional rate which continues to expand today. The UK head office is based in Cambridge, offering support on R&D, leasing, 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 has proven very successful.
Before the Covid pandemic the business sales were split 65% eat in customers and 35% from takeaway customers. The franchise has recently added the Just Eat delivery partner App which is proving very popular as more people continue to work from home.
Our clients currently only work in the business part time, we recommend any new owner would be able to reduce the current labour cost by working more hours in the business.
We are advised the business attracts a healthy mix of local shop workers, office people. local families and visitors to the area.
Key selling points include -
New Lease available
Increasingly popular location to live
Handover period offered
Nil business rates currently
Potential to increase the delivery side
Very rarely do branded food businesses of this standard or location come onto the open market and we therefore highly recommend early viewing to avoid disappointment.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £180,000, with an adjusted net profit in the region of £18,000. Full financials can be made available upon further request.
