If you just can’t resist the lure of a freshly made sandwich, packs with your favourite fillings, sauces and pickles, here are two exciting chances to buy your very own Subway franchise in a Devon seaside resort.
Available as a going concern business, Subway in Ilfracombe is in a prominent trading location on the High Street.
The double-fronted shop unit is available with the current Subway fit out as well as trade inventory to start taking money the first day a new owner takes over.
The store offers table and chair seating for about 20 covers while also having the Subway fit-out servery counter and rear preparation areas, including a walk-in chiller.
The last couple of years have provided turnovers of between £180,000 and £200,000 with an annual rent of £9,000 per annum as well as the property being eligible for small business rates relief.
It is thought the business is ideal for an owner occupier or partnership to operate the business and reduce the requirement for high staffing costs.
Having such a franchise offers the best of both worlds – you could have an established business in which you are your own boss while also having the backup, help and marketing from an international company.
The business is available with a quoting premium of £44,950 which includes the goodwill of the business and a trade inventory of fixtures, fittings and equipment.
Further details can be obtained from JD Commercial who can be contacted on 01237 424053.
If you would prefer to sell delicious sandwiches in South Devon, a Subway franchise in the seaside town of Teignmouth has just gone on sale.
Award winning licence and leisure commercial agents Bettesworths is delighted to be marketing the well-located unit which is available fully-equipped.
With spacious internal seating for 22 and external seating for 16, Subway Teignmouth has built a solid customer base with opening hours of 8am to 6pm, seven days a week. However, these hours could be extended should the next operator choose to.
This valuable franchise agreement is fully supported by Subway who, for a percentage of the weekly turnover, provides all the national and international advertising. An elected board also negotiates on your behalf with suppliers to agree the best possible prices.
Prospective franchisees will have to be approved by The Reginal Business Development Agent. Any potential buyer will be required to go through the process of passing the Wonderlic test, UoS courses, 40 hours of in-store training before attending and passing franchisee training.
This ground floor lock-up unit is available via assignment of the current sub lease with circa four years left to run. The rent is £25,000 per annum and the tenant has repairing and insuring obligations.
The Head Lease is protected by the 1954 Landlord & Tenant Act providing the tenant with rights to renew at the end of the term.
Bettesworths is marketing the business at an asking price of £29,950 to include the trade inventory and goodwill.
Genevieve Stringer who heads the catering arm at Bettesworths said: “The sale of this going concern Subway unit allows an operator to take over this franchise at a massively reduced ingoing premium.
Related: Subway Franchise
“Should an operator wish to start up a new site the initial outlay is as much as £150,000. I therefore expect there to be keen interest from the start.”
For further information please contact Genevieve Stringer on 01803 212021 or email email@example.com.
By Tina Penberthy-Hutchings
Source: Devon Live