Exciting Subway franchise opportunity in Southampton
- Asking Price: £100,000 +SAV
We are advised as per the 2022 accounts, the business generated a turnover in the region of £310,000, with an adjusted net profit in the region of £55,000. Full financials can be made available upon further request.
Please quote reference B06901
- Tenure: Leasehold
Please quote reference B06901
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, turnkey Subway franchise with an excellent reputation, associated with a strong and consistent brand.
The business has been under the careful and meticulous ownership of our client for a number of years and who have grown the business year on year to an impressive level with turnover and profit levels growing steadily.
The business has only now come to the open market due to our clients upcoming relocation to concentrate on their other business interests.
The Subway brand is world famous for its consistent quality from the level of service, sandwich ingredients/choices and drinks.
The first Subway opened in the U.K. in 1996 and has since expanded at an exceptional rate which continues to expand today. The UK head office is based in Cambridge, offering support on R & D, Leasing, customer services, training, and franchisee services. Subway has invested heavily in developing their existing menu options by adding more health-conscious salads, wraps, plant-based options, and smaller toasted bites which has proven very successful.
Our client informs us they work very little within the business and advises any new owner working more hours would instantly make savings in the labour costs.
We are advised the business attracts a very loyal mix of customer types from nearby office workers, students, shop workers as well as family’s coming to the towns & retail centres to shop.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
We are advised that the business has 3 full-time and 3 part-time members of staff.
The business hours are -
Monday – 08:00 – 21:00
Tuesday – 08:00 – 21:00
Wednesday – 08:00 – 21:00
Thursday – 08:00 – 21:00
Friday – 08:00 – 21:00
Saturday – 08:00 – 21:00
Sunday – 10:00 – 18:00
The business is located in a prime trading location on East Street in the heart of the popular port city of Southampton, and benefits from being surrounded by a host of complementary businesses leading to a good level of footfall and passing trade.
Southampton is a vibrant city and is very well serviced in terms of local amenities, with its broad range of shops, bars, restaurants, amenities and mainline railway station and includes West Quay Shopping Centre and Cinema de Lux Complex. Southampton Airport can be found around twenty minutes away along with all main motorway routes being within easy reach, enabling easy access via M27 eastbound including Portsmouth, Chichester, Guildford, or London via A3. West bound including the New Forest and Bournemouth.
The business is located in a double fronted, bright and welcoming typical subway store with service area, seating, service counter with order and till area, refrigerated storage, and Overhead digital menu panel.
To the rear is the immaculately presented kitchen area with a host of industry standard equipment, ample stainless steel preparation areas with sink, various refrigerated and freezer storage and chiller, along with staff w/c facilities.
We are advised that the business is being sold on a Leasehold basis, with 12 years remaining on the 15 year lease. The rent is £2,916 per month.