Subway Franchise Available with a Purchase Price of just £44,950

Submitted on Fri, 05/04/2019 - 19:40

If you were to open a new Subway store you would certainly be paying more than the £44,950 being quoted by specialist Commercial and Business Agents JD Commercial for the Ilfracombe store that is available as a going concern business.  Located 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 approximately 20 covers whilst also having the Subway fit out servery counter and rear preparation areas including a walk in chiller.  The last couple 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 / partnership to operate the business and reduce the requirement for high staffing costs.  Having such a franchise offers the best of both worlds from the point of view of having an established business in which you are your own boss to also having the back up, help and marketing from such 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.