Status: For Sale
Tenure: Leasehold
Leasehold Rent: £19,000 per annum
Turnover: £264,000
Franchise Subway Store PortsmouthFranchise Subway Store PortsmouthFranchise Subway Store PortsmouthFranchise Subway Store PortsmouthFranchise Subway Store PortsmouthFranchise Subway Store PortsmouthFranchise Subway Store Portsmouth
£225,000 + SAV

Franchise Subway Store Portsmouth

For Sale
  • Reference: 14090 I
  • Location: Portsmouth, Hampshire
The business is run as a Subway, part of the large franchise that has over 2,400 locations in the UK and Ireland and more than 44,000 in 110 different countries. The franchise was first established in Connecticut in 1965 and has expanded ever since. The business specialises in nutritious made to order submarine sandwiches for all the family. The popular menu includes 6inch and 12inch sandwiches, salads, breakfasts, nachos, toasties, cookies, as well as children's meals and hot and cold drinks.

Our client also looks to sell the other store, this is located in Havant reference: 14091 i.

The store generated a turnover of over £264,000 as of the 2017 accounts, with a gross profit of 72%. This is a very healthy turnover with room to increase this figure. We feel that the purchaser could look to offer deliveries to the local area to allow for more income. Subway platters should be promoted in this busy location, focusing on offices and other local businesses.

The purchaser will be well supported by the Subway brand. All franchisee's attend a comprehensive two-week training course and are kept regularly updated with the latest information and operational updates. Regional development agents will also pay visits to the store to allow for advice on how to make the most of the stores. The purchaser will receive a solid support network.

The store is in a prime location with all year-round trade. The Subway brand is well-known all across the UK and so we feel there will be no shortage of customers.

More information about the franchise can be found at www.subway.com.

The store has started to offer JustEat delivery's, in the first week takings increased by £2,000. This is a huge increase and will make a big impact over the year and the 2018 accounts.

This is a fantastic franchise opportunity to purchase a well-established chain store. The store comes fully equipped; a full equipment list is available upon request. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

TENURE

We are advised the business is being sold as a Leasehold opportunity.

Remaining lease length: 13-15 years as of 2017.
Rent: £19,000 per annum.

HOURS

The business opening hours: -

Monday - Saturday: 7am - 11pm
Sunday: 7am - 10pm

STAFF

The business is run by our client, with the help of 11 members of staff.

FINANCIAL PROFILE

The store generated a combined turnover of over £264,000 as of the 2017 accounts, with a gross profit of 72%.
SLK Partnership Ltd has two Subway locations in Portsmouth and Havant.

Subway Portsmouth is set in a prime trading location directly facing a student university hall; from which the store receives a generous amount of trade. This is a bustling location that receives daily heavy footfall and passing trade. There are ample retail outlets, this includes large well-known branded stores such as this Subway store and independent retailers.

In the area is a university and offices, this is great for all year-round trade; especially at lunch times. Portsmouth is a popular port based town that receives large numbers of visitors each year. Regular events are held in the town and there are also several visitor attractions, such as Emirates Spinnaker Tower, Portsmouth Historic Dockyard, Southsea Castle and Charles Dickens' Birthplace Museum.

This store is set on a busy main road in the town and benefits from great public transport. There are bus stops within walking distance and the closest train station is Portsmouth and South Sea; this has regular routes into London Victoria, Cardiff Central, Brighton and Littlehampton.
The store is in a prime trading location and comes fully branded.

This premise was a former bank property with plenty of character. The property boasts a highly visible corner position on a busy parade of shops and food outlets. On entry is the service counter and a seating area.

The shop has a very new design with first floor mezzanine seating area with the eye-conic exposed brick wall to the left. The upstairs has a comfy seating area with tub chairs and low coffee tables, as well as leather bench seating with normal tables and chairs.

This store has a 25-cover seating area.

Rear shop facilities include: -
Service area
Preparation area
Kitchen and washing area with walk in fridge
Hallway
Office
Staff room with toilet facilities
Storeroom
Customer disabled friendly toilet

Brief equipment list: -
WMF bean to cup coffee machine £4,830
Epos till
15 camera CCTV system £4,771
Air conditioning unit £9,233
Walk in chiller and walk in freezer £11,814

Equipment value- £75,498

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