For Sale

Highly Desirable Subway Franchise Opportunity

Wembley, Middlesex

£199,995 +SAV

Ref: B05645

Contact sales negotiator

Aidan Murphy

01204556301

Email Aidan Murphy

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Description

Hilton Smythe are delighted to present to the market a highly desirable Subway Franchise operating within Wembley.

The store first opened in 2008 and our client later purchased in 2012 who after over 6 years of successful trading is placing the business on the market to allow him to retire.

The Subway opportunity comes with a separate 5 bedroomed flat arranged to the first and second floors, this large accommodation is highly desirable for this area and currently achieves a rent in excess of £30,000 per year. Any new buyer may look to develop some of the unused residential space to achieve a greater annual rent which would completely cover the total building rent of £37,000.

The Subway brand ensures consistent quality from the level of service, Sandwich choices and drinks. The first Subway opened in the U.K. in 1996 and since expanded at an exceptional rate which continues to expand. The UK head office is based in Cambridge, offering support on R & D, Lessing, customer services, training and franchise services.

This store is completely staff managed with minimal input from our client, any new owner may continue with this structure of operation or take a more hands on control which would significantly reduce the labour costs.

Our client advises the business is enjoying a very healthy sales increase on the previous year with new weekly sales averaging at £6,000. The business also uses delivery partners ‘Just Eat’ and ‘Deliveroo’ which is also enjoying a steady increase per week. The introduction of Uber Eats is proving extremely successful with sales increasing daily.

Our client is proud to be a Halal serving Subway.

The business attracts a healthy mix of local customers and business owners, retail workers, students and tradesmen. We would expect the number of new development projects within the area should have a significant impact on footfall levels with a guide increase of 40% expected.

Subways within this location rarely come to the market, a new franchise of this model would cost between £150,000- £200,000 for initial set up and equipment cost alone. Our client is looking for a similar figure for full transfer of the building lease, equipment and goodwill.

Tenure

Leasehold

We are advised the business is being offered as a Leasehold opportunity with 4 years remaining on a 15-year lease paying £37,500 per year. The business currently pays business rates of £8,600 per year.


Hours

MONDAY - FRIDAY - 7am to 11pm

SATURDAY - 8am to 11pm

SUNDAY - 9am to 11pm


Staff

The business is currently staff with 1 x full time and 4 x part time members of the team in place.


Financial Profile

The business will generate a 2019 turnover in the region of £265,000 with an adjusted net profit of approx. £90,000. Assets valued in excess of £100,000.

Location

Subway (Wembley) occupies a highly sought-after trading position on the High Street in Wembley, West London.

The business is in the heart of Wembley Central.

Brent is the borough of culture with significant increase in footfall expected.

Wembley is undergoing multi-million-pound investments projects which includes the tallest building in west London directly facing this business which will include 600 new apartments. A 2nd development near Wembley Central will also create 300 new homes, located within 2 mins walk away.

Extension of the Regent college as well as a new college being will have a direct impact on the number of students studying and living in the area, the student market plays a significant impact in the successful customer base of any Subway in London. The 2 new colleges have now opened within 1-minute walk of the store.

The world-renowned Wembley stadium is also just 5 minutes’ walkway, any major sporting games increases customer footfall levels by 200%. Wembley will also host several new events including American football games as well as the European Championships in 2020.

The High Road offers an excellent choice of independent retailers, high street banks, branded retailers, pharmacy and post office.

There is a good availability of pay and display parking spaces in the adjacent streets.

The business is very lucky to have a large off-road car park area to the rear of the property with available space for approx. 15 cars.

The business sits in between Wembley Central and Wembley Stadium mainline stations.

Premises

** our client informs us they are ¾ through a new refit programme

Ground floor -

  • Customer dining area - includes 7 x high stools to the left-hand side and 2 x stools to the window, glass fronted drinks fridge, post mix soft drinks dispenser / ice dispenser, central air con unit 
  • Service counter - includes 2 x glass fronted prep fridge until with undercounter built in fridge storage, cookie stand, crisp stand, till and card machine, 8 x menu boards, 2 x fan assisted bread ovens, high speed combi / toaster oven, bread fridge, oven, microwave, Bain Marie, 2x double fridges.
  • Rear Kitchen Prep Area - includes a walk-in chiller, walk in freezer, storage racking, air con unit, triple width stainless steel prep fridge, prep sink unit, hand wash sink, stainless steel prep table.
  • Rear staff area including toilet, further storage and access to rear yard space
First floor -

  • Wide hallway with storage, laundry area, large storage cupboards
  • Shared kitchen
  • Double bedroom
Second floor -

  • 3 x further double bedrooms
  • Main bathroom with bath and shower
  • 2nd bathroom with toilet and sink
Rear External -

  • Very large car park for min of 15 x cars

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