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A great opportunity to acquire a well established Subway store in the university City of Portsmouth, in Southsea, Hampshire. Asking price of £30,000, plus stock, Or nearest offer.
The store in Southsea is situated in the town centre, just outside the pedestrianised zone. It is well-served by local transport with the bus stop just outside the store. Popular stores in the area are Debenhams, and numerous independent stores. It is seen as an up and coming centre with various plans to redevelop and regenerate the area. It is situated in the food section of the town, with numerous pub and bars opening late. There is the opportunity to open later with late night license. The local school and college are nearby. There are free short stay car parking bay just outside the store. The store benefits from a corner position with the level crossing just across the store. All these give the store a high visibility.
Southsea tends to be seasonal with the peak sales during the summer months and the music festivals in the area.
The Southsea store has been opened for the last 11 years with 4 years remaining on the lease. There is the possibility of a new 10 year lease, currently being negotiated.
The store has spacious and bright customers dining area, providing around 40 seatings; plus licence for outdoor seating. It is fully staffed with part-time and full-time workers, over seen by a management team. The store has fully functioning equipment and up to date Subway corporate branding.
Current annual turnover of above £225,000. The business is currently staff managed, with minimal input from owner, offering greater profits for a working onsite owner to fully maximise the stores profitability.
There is enormous potential to increase sale to previous levels and higher, with a more hands on approach, commitment to excellence, increase in operational focus, effective marketing, push in platter sales (high number of offices and businesses in close proximity), and along with increase in opening hours taking advantage of late night trade at the weekends, as it is situated close to some bars and pubs. We recently started using UberEat and JustEat delivery services.
This is an excellent opportunity for you to continue to build an established business in a prime location, with its full potential achieved and increase in turnover if the owner is managing the stores.
If interested please contact the seller through the form on this page.
On a highly visible corner position within the town centre site. Busy level crossing for people going from residential part of town towards the sea front.
Spacious and light customer seating area. On street parking near by.
Owner has multiple stores and is looking to downsize to spend more time with the family.
Standard Subway franchise terms.
Subway will provide comprehensive franchisee training and ongoing support through its regional offices.
If desired, owner can offer some assistance in the first month.
Subway work closely with HSBC and NatWest.
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