For Sale
Well known sandwich franchise business for sale.
Dereham, Norfolk
- Asking Price: £119,999 +SAV
-
Turnover:
Available upon further request.
Please quote reference B05947
- Tenure: Leasehold
Please quote reference B05947
Hilton Smythe are delighted to present to the market a very well-established Subway Franchise.
The business was taken over by the existing franchisee in 2013 who is now looking to sell the business franchise due to health and personal issues.
As you can see from the attached photos, the business has undergone a complete refurbishment with Subway’s new FRESH FORWARD design.
Any new owner will be able to take full advantage of this recent refurbishment and have no need to make any investment or do further work.
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 since expanded at an exceptional rate which continues to expand. The UK head office is based in Cambridge.
Subway has invested heavily in developing their existing menu options by adding more health-conscious salads, wraps, plant-based (vegan) options.
We are advised the business attracts a very loyal mix of customer types from nearby of business, students, shop workers as well as family’s coming to the town to shop.
The business has been quick to react to forced closing due to Covid and added a new delivery service through Just Eat and Uber Eats which is proving very popular and now as the store is fully open, the delivery side has remained strong, continuing to boost the weekly sales.
Very rarely do new Subway designed franchises of this standard come onto the open market and we therefore recommend very early viewings to avoid disappointment.
We are advised there are 6 members of staff
Total Opening hours per week – 85 hours.
This highly prominent Subway Franchise is located on the Market place in Dereham, Norfolk.
Dereham (also known as East Dereham) is a desirable town in the Breckland District of Norfolk. It is situated on the A47, 15 miles west of Norwich and 25 miles of King’s Lynn. The store is well positioned on a busy parade of shops including a Betfred, estate agents, newsagents as well facing all the major banks and building societies and all the main High street stores including Boots, Co-op & Poundland.
There is a large FREE council car park within 2 mins walk from the store and the nearest mainline station is Mid-Norfolk Railway – Dereham.
New bright white facia with Yellow Subway letters, branded menu board
Internal – new design includes grey wall and floor tiles, bright green feature wall and lit signage. There are currently approx. 30 covers (including 4 x highchairs) with lots of space in between tables.
- Customer toilet
- Customer drinks station (free pour soft drinks machine & ice machine)
- Open plan service counter (with 4 x new design plasm TV menus)
- Back kitchen/preparation area
- Staff changing facilities/ dry store
- Glass fronted drinks fridge
- New design crisp stand
- Epos till system
- Just Eat ordering terminal
- Uber Eats Ordering terminal
- Bread Proofer and Oven
- Bread Cabinet
- Glass fronted preparation chillers
- Toaster
- Coffee Machine
- Sandwich Unit
- Cookie Holder
- Walk in chiller
- 3 fridges
- 1 walk-in freezer
- Large Kitchen
- Preparation unit
- Storage racking
- Tables and Chairs & new green/grey
- Leather chair
Tenure
We are advised the business is being sold as a 10-year lease starting Oct 2022. Rent is £18,000 per annum.
There is an option of buying the business or the company itself.
An opportunity to take over the loan which are paid monthly, and a min amount is paid to the seller and take over the business.
Business loan can be arranged thorough third party.
Can run the store from day one as staff are well experienced to run the day-to-day business.
Enlarge Map
Looking to sell a similar business?
Find out moreNeed help with finance to purchase this business?
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Finance Calculator
Powered by Hilton Smythe
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
