Cafe for sale

West Street, Havant, Hampshire, PO9

£250,000
66 sq. m.

Property Description

Commercial information

  • Business for sale
  • 710 sq ft (66 sq m)

Key features

  • REF: 14091 i
  • LEASEHOLD
  • SANDWICH SHOP
  • SUBWAY FRANCHISE

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market this franchise Subway store. The store was established by our client in October 2014. Our client put a lot of investment into the store to bring it up to franchise standards. The owner is also looking to sell their store on Albert Road in Portsmouth reference 14090 i, due to the desire to focus on other business opportunities.

Subway is part of the large franchise that has over 2,400 locations in the UK and Ireland and more than 44,000 in 110 different countries. The franchise was first established in Connecticut in 1965 and has expanded ever since. The business specialises in nutritious made to order submarine sandwiches for all the family. The popular menu includes 6inch and 12inch sandwiches, salads, breakfasts, nachos, toasties, cookies, as well as children's meals and hot and cold drinks.

The store generated a turnover of over 315,000 as of the 2017 accounts, with a gross profit of 72%. This is a very healthy turnover with room to increase this figure. We feel that the purchaser could look to offer deliveries to the local area to allow for more income. Subway platters should be promoted in the two busy locations, focusing on offices and other local businesses. As of August 2017, the store has increased its turnover by 1,700 per week with Just Eat.

The purchaser will be well supported by the Subway brand. All franchisee's attend a comprehensive two-week training course and are kept regularly updated with the latest information and operational updates. Regional development agents will also pay visits to the store to allow for advice on how to make the most of the stores. The purchaser will receive a solid support network.

The store is in a prime location with all year-round trade. The Subway brand is well-known all across the UK and so we feel there will be no shortage of customers.

More information about the franchise can be found at www.subway.com.

The client has started to offer JustEat delivery's, in the first week taking increased by 1,700. This is a huge increase in the takings and will make a big impact over the year.

This is a fantastic franchise opportunity to purchase a well-established chain store. The store comes fully equipped; a full equipment list is available upon request. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
SLK Partnership Ltd has two Subway locations in Portsmouth and Havant.

Subway Havant is situated in a bustling location amongst a plethora of retail outlets and eateries. The business faces a McDonald's store, Costa and many other large chains and there is a car park to the rear. The town centre location allows for all year-round trade and daily heavy footfall.

Again, there are lots of businesses and offices in the area; from which the store sees much of its custom. Havant is a popular town, a beautiful part of southern England. Most of the town centre is a conservation area, which developed from a junction of ancient thoroughfares. The town is set on the coast between Chichester and Portsmouth and its most popular attractions is the award-winning Staunton Country Park.

The business is set just off the A27 an arterial A-road, that runs into Chichester and connects to the M275 motorway network. Havant boasts great public transport with the bus station and Havant train station just a short walk away.

PREMISES
The store is in prime trading locations and come fully branded.

Corner shop unit on a busy high street with full Subway branding. Large windows allow for a bright interior.

On entry is the seating area, this includes a window raised table, plus normal tables and chairs. The service area is to the back of the room with a serve yourself drinks station to the side.

This store has a 12-cover seating area.

Rear shop facilities include: -
Preparation area and kitchen
Walk in fridge
Staff room
Customer toilet
Staff toilet

Brief equipment list: -
WMF bean to cup coffee machine 4,830
Air conditioning unit
Till system
8 camera CCTV system 5,570
Walk in fridge and walk in freezer 10,890

Equipment value- 55,508

A full equipment list is available upon request.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Remaining lease length: 12-15 years as of 2017.
Rent: 17,500 per annum.

HOURS
The business opening hours: -

Monday - Saturday: 6am - 9pm
Sunday: 9am - 5pm

STAFF
The business is run by our client, with the help of 11 members of staff.

FINANCIAL PROFILE
The Subway store generated a turnover of 315,000 as of the 2017 accounts, with a gross profit of 72%.



Nearest stations

  • Havant (0.2 mi)
  • Bedhampton (0.6 mi)
  • Warblington (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Havant (0.2 mi)
  • Bedhampton (0.6 mi)
  • Warblington (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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