For Sale

Exciting Well Known Franchise Opportunity

Bishop's Stortford, Hertfordshire

£220,000 +SAV

Ref: B04917

Contact sales negotiator

James Cunliffe

01204 556 300

Email James Cunliffe

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Description

Hilton Smythe welcomes to the market Subway, Bishops Stortford, which was established by our client in 2013.

Our client is now looking to sell as they do not live in the location and finding the travelling difficult as they also have poor health.

Since Fred DeLuca opened his first submarine sandwich store in Connecticut, USA in 1965, the Subway® brand has grown into a multi-billion-pound business.

Over the many years it has been operating, the chain has finely tuned and developed its franchise system. The system is both efficient and effective, proving itself time and time again throughout the world.

One of the key strengths behind the success of the Subway® brand is the solid support network and robust processes in operation.

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

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

The Lease expires in 2027 and has an annual rent of £25,000

Hours

The business opening hours:

Monday – Friday: 7.00 am – 9.00 pm
Saturday: 7.00 am – 8.00 pm
Sunday: 9.00 am – 6.00 pm

The business also has a licence to stay open Sunday - Thursday: 6.00 am – midnight and Friday - Saturday: 6.00 am – 1.00 am

Staff

The business is run and managed by our client, with the help of 4 part time and 2 full time members of staff.

Financial Profile

Subway Bishops Stortford generates an advised turnover of circa £290,000 - £300,000

The assets being sold with the business are worth in the region of £100,000

Location

Subway is located in Bishops Stortford, Hertfordshire, just off the main road and close to several schools, all bringing in a high footfall.

Bishops Stortford is a thriving town with a population of circa 38,000 and located just of M11, sharing its junction with Stansted airport.

There are many other thriving businesses in the area from independent shops to large chains.

There is a car park close by and many other places to park on the roads close by

Premises

The restaurant was fitted out in 2013.

Restaurant:

• 12 tables
• 2 x Air conditioning units
• Tiled flooring
• Ceiling with spotlights
• Drinks machine
• Drinks display fridge
• Male and female toilets

The servery has all the standard Subway equipment including an illuminated menu display, food display chiller, cookie stand, coffee machine, microwaves, ovens and sink.

To the rear of the premises is the preparation room with:

• Tiled floor
• Stainless steel preparation tables
• Sinks
• Air conditioning unit
• Racking
• 3m x 2m walk in chiller
• 3m x 2m walk in freezer
• CCTV system
• Computer system
• Racking

Staff parking there is a courtyard for parking to the rear with one allocated space.

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