Ref 6291 – Leasehold Sandwich Bar Franchise Blacks Brokers are pleased to bring to the market this leasehold sandwich bar franchise located in the much sought-after area of York, North Yorkshire. Introduction
Subway, York was taken over by our client in 2013 when he noticed a huge gap in the market in this area. The business has become well-known in this busy city centre, with a regular customer base of local workers in addition to a great deal of passing trade due to this enviable trading position. Location
The business is positioned on Feasegate in the centre of York which is a very popular pedestrianized street. This is close to many other local businesses and shops including banks & multiples. Public transport links are excellent, and parking is available within walking distance. Reason for sale
This business is ideally suited to a hands-on owner-operator but is currently operating under management due to the demands of our client's other business commitments being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level. Lease
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease runs to 2025 with a break in 2020. The current lease was renewed in 2015 and the rent is at a cost of £865 per week. Building layout and design
The business is presented with the standard Subway corporate branding and signage displayed above a glazed frontage. The main dining area offers seating for thirty-two split over the ground floor and the first floor with office facility with private toilets on the second floor. It is fitted with tiled flooring throughout and menu boards are displayed above the servery. There is a large kitchen and storage area to the rear and both customer and staff toilet facilities. To the front of the property is a large outdoor area which is licenced for up to 14 seats. All areas are presented well, and fixtures, fittings and equipment are of good quality. If you would like to see floor plans of the business we have those available to send. Staff
The business is currently operating with two full time staff, one full time manager and 2 part time staff. Our client is not currently involved in the day to day running of this business. Financial details
Subway has traded solidly during the last five years. The business generates an annual turnover of £254,000. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing. Summary
This leasehold business occupies an enviable trading position and is well-established. There is plenty of scope to develop the business further with the re-introduction of the outdoor dining space – this is currently not in use. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £29,995.
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