Subway in Shoreham-by-Sea For Sale

Situated in a parade, excellent main road trading position, office and commercial area, EAST SUSSEX. SHOREHAM-BY-SEA

Turnover £ 4,850
Price £20,000

Features

Well Established Subway Sandwich Bar

5 STAR HYGIENE RATING

Single fronted premisess with the benefit of bifolding doors in the region of 1,090 ft². CCTV (6 cameras). Tiled flooring, suspended ceiling with concealed lighting. Tables and chairs seating 16 persons. 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

Customer cloakroom with toilet and sink

Preparation area. Stainless steel table, shelving storage area.

Walk-in freezer

Walk-in fridge

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,850 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the manager with the assistance of 4 part time staff. We are informed the wage bill averages £1,250 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 9 a.m - 10 p.m
Friday & Saturday - 9 a.m - 11 p.m

Outside

Possible parking to the rear, 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 12 years in 2015 with reviews every 4 years (next review May 2023) at a current rent of £22,000 p.a. plus VAT. Landlord has confirmed rent remains the same until lease expires.

Business Rates from April 2023 £1,800 approx after small biz 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.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.