Businessviewings strictly by appointment with hilton smythe
Hilton Smythe welcomes to the market Subway Fakenham, which was established by our client in 2012 and due to other interests, our client is now looking to sell.
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.Location
Subway is located in Fakenham, Norfolk within the Millers Walk shopping centre, surrounded by many other individual shops and chains that bring a high footfall to the area.
There is parking in the Millers Walk car park next to the shopping centre and the double fronted shop is easily recognised by its distinctive Subway livery.
Fakenham is a well served market town in North Norfolk with a population of 7,617 as of the 2011 census. Fakenham has a weekly Thursday market and a race course which bring visitors to the area.
The town is easily accessed by road using the A148 North Norfolk road or the A1065 which leads to Suffolk and beyond.Premises
Outside there is a covered area giving seating for 4 across 2 tables.
The entrance door leads into the double fronted shop with seating for 12 across 4 tables, access to the staff toilet with a small store room off.Main café area comprising of: -
Door to the rear preparation area with: -
- Drinks fridge
- Pepsi machine
- Ice machine
- Counter with standard Subway equipment including
- Menu display
- Food display chiller
- Cookie stand
- Coffee machine
- Pasta Bain Marie
- Undercounter fridge and storage
- Preparation tables
- Pepsi machine
- Double fridge
- Walk in chiller
- CCTV system
- LED lighting
- Door to rear
- Door to small office area.
We are advised the business is being sold as a leasehold business opportunity with a 15 year lease from 2014 and an annual rent of £17,000.
Business rates are paid at approximately £8,900 per annum.Hours
The business opening hours:
Monday - Saturday: 7am – 6pm
Sunday: 8.30am – 5.30pm
The lease permits opening from 6am – 8pmStaff
The business is manager run with the help of an Assistant Manager and 3 part time members of staff.Financial Profile
Subway Fakenham generated an advised turnover of circa £213,043 as of the 2019 accounts, with a gross profit of 67%.
The assets being sold with the business are worth in the region of £25,500.
The average stock value is in the region of £2,000.