Subway Sandwich Bar in Lincolnshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Lincs.

Turnover £ 4,500
Price £40,000

Features

Old Established Subway Store with Seating

4 STAR HYGIENE RATING
SEATING FOR 46 PEOPLE

DOUBLE FRONTED PREMISES in the region of 1,950 ft² with tiled floor, suspended ceiling with spot and fluorescent lighting, cool display counter with refrigerated storage section, Tables and chairs providing seating for 16 People, CCTV system (14 cameras, 2 monitor)

Disabled Toilet with w.c. and wash hand basin.

Steps down to Rear Preparation room in the region of 400 ft².

Walkin coldroom

Walkin Freezer

First Floor in the region of 525 ft² with Tables and chairs providing seating for 30 People..

2 Toilets Toilet with w.c. and wash hand basin.

Second Floor in the region of 465 ft²

2 Staff Rooms.
Office.
Staff Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx. (15% VIA PORTALS)

Staff

The business is at present operated by 2 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 10am - 5pm

Outside

Parking space for 3 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £18,000 p.a.

Business Rates from April 2025 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS SUBJECT TO ENTERING INTO A FRANCHISE AGREEMENT, FULL DETAILS AVAILABLE UPON REQUEST.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote