• Sales £7,500 - £8,500 weekly.
• Well established trading position.
• Busy shopping centre location.
• Currently run under management.
• Ideal for couple or partnership to operate.
• Long lease in place.
- Asking Price:
- £99,000 Furniture / Fixtures included
- Sales Revenue:
- £442,000
- Cash Flow:
- Available on request
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
Held on a 15 year lease from 2021 at a passing rental of £25,000 per annum plus VAT. There is also an annual service charge of £10,800 plus VAT
- Location:
-
This franchise is located on the outside of Manor Walks shopping centre witin a parade that includes Domino and a number of other food and drink orientated operators.
Manor Walks is the main shopping centre for Cramlington and the surrounding area with a broad range of occupiers including supermarkets, multiples and independents. There is also a lesiure centre on site and parking is free.
- Premises Details:
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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 2,200. A typical new Subway franchise can cost anything between £100,000 and £150,000 plus VAT to set up so this existing franchise offers great value for money.
This is a well-established outlet and most SUBWAY locations are generally prime or strong secondary and include high profile shopping centres, city centres and University areas.Subway is 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. Target customers are young professionals, students and office workers looking for good quality, good value food and drink. The new low fat menu has proved particularly popular and the range of products is naturally evolving.
This franchise offers the benefit of both sit and collection trade and there are 40 internal covers. This unit could be operated under management but is possibly more suited for a couple or partnership to owner operate
- Energy Performance Rating:
- D View EPC Graph for this property
Business Operation
- Reasons for selling:
-
Family relocation
- Trading hours:
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Monday - Saturday 8.00 am - 8.30 pm
Sunday 8.00 am - 7.30 pm
- Employees:
- Currently run under management with 12 members of staff (3 full time and 9 part time).
Franchise Information
- Franchise opportunity:
-
Yes
- Franchise terms:
-
A franchise fee of circa £5,000 is payable to SUBWAY which covers the transfer and 2 week training course.
