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Property Listing Details

Property details

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Since listed: 239 page views

Description

Ref 6525 – Leasehold Subway Franchise
Blacks Brokers are pleased to bring to the market this leasehold Subway franchise located in the busy and much sought-after area of Ravensthorpe Shopping Park, Dewsbury.
Introduction

This Subway franchise at Ravensthorpe Shopping Park was established in 2008 to meet local demand for a business of this type in this area. The business is part of the largest fast food chain in the world, with nearly 35,000 stores in 90+ countries. There are over 1,500 Subway stores in the UK and Ireland, making Subway the largest fast food chain in the market place. The well-established business is supported by the hugely popular worldwide Subway franchise which includes signage, product delivery, valuable national advertising and ongoing training. A new owner will be interviewed by Subway and two weeks training will be provided initially.
Location

Well established and highly visible, this branch of Subway is located in a prime main road trading position. This means the business benefits from an excellent amount of passing trade and regular repeat custom. Other nearby businesses include Greggs and Home Bargains as well as private offices and Dewsbury Country Park. The area is well linked by the M62 and A644, has excellent public transport links and has a large, free car park immediately outside.
Reason for sale

The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to our client’s other business interests 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 is fifteen years with rent reviews every five. The current lease began in 2008 at a cost of £382 per week.
Staff

The business is currently operating with four part time and four full time members of staff in employment including a store manager. Our client is not involved with the day to day management of the store, unless supporting during peak periods or to cover leave/absence.
Financial details

This long standing branch of Subway has traded solidly since opening. The accounts for the year ending 31st December 2017 show an annual turnover of £352,815 with gross profits of £192,271 and net profit of £32,986 and an adjusted net profit of £58,066. Royalty and marketing fees payable are 12.5%. Full financial details are available upon viewing.
Business rates

Purchasers should enquire with relevant local authorities to confirm the rates payable.
Summary

This leasehold business occupies a most enviable trading position and has a strong base of local and regular customers along with lots of passing custom. This busy retail park boasts a large free car park offering space for around 200 vehicles. There is plenty of scope to develop the existing business further with the introduction of a delivery service, partnerships with other businesses in the area and a strong marketing campaign from a new owner. 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: £180,000.

Please quote ref: 6525

Map & Nearby

Local Amenities

  • Ravensthorpe 0.4 miles
  • Mirfield 1.3 miles
  • Diamond Wood Community Academy 0.2 miles
  • Ravensthorpe Church of England Voluntary Controlled Junior School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Ravensthorpe 0.4 miles
  • Mirfield 1.3 miles
  • Diamond Wood Community Academy 0.2 miles
  • Ravensthorpe Church of England Voluntary Controlled Junior School 0.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Blacks Business Brokers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information.