Subway Sandwich Bar in Brighton For Sale

Situated in a parade, excellent main road trading position, thriving office and commercial area, EAST SUSSEX BRIGHTON

Turnover £ 6,200
Price £15,000

Features

Well Established Subway Sandwich Bar

Outside tables and chairs seating 10 persons

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,120 ft². CCTV (6 cameras). Tiled floor, suspended ceiling with concealed lighting. Tables and chairs seating 16 persons. Menu boards. Sales counter, EPOS cash register (HP point of sale system), 2 chiller serveover counters, coffee machine, toaster, microwave, oven, proover, soft drinks fridge, triple sink with drainer.

Preparation area - stainless steel table, shelving.

Storeage area

Walk-in freezer

Walk-in fridge

Stairs to basement, used for storage

Staff cloakroom with toilet and sink

Office.

First floor - Customer cloakroom with toilet and sink.

Office

BASEMENT in the region of 560 ft²

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,200 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the manager with the assistance of 6 part time staff. We are informed the wage bill averages £1,750 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 9 a.m. - 12 midnight
Friday & Saturday - 9 a.m. - 3 a.m.

Outside

Possible access to dedicated parking, permit required. (Vendor not bother)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from Subway, granted for 25 years in 2004 with reviews every 5 years (next review April 2024) at a current rent of £42,000 p.a. plus VAT. We understand there is a Break Close in April, 2024.

Business Rates from April 2023 £4,600 approx after small business relief (Please contact local authority to confirm)

N.B. Subway requires new buyers to commit to a full store refurbishment, the premium is dicounted to reflect this capital expenditures.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE JANUARY, 2023

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £15,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.