Cafe for sale
Property description & features
- Valuable Subway Franchise Available in Teignmouth
- Experiencing a Marked Increase in Turnover
- Turnkey Business with no Further Capital Investment Required
- Excellent Owner/Operator Opportunity
- All Training & Support Provided by Subway National & Regional Offices
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Sign written glass frontage with side entrance leading to:-
MAIN TRADE AREA
Spaciously seating 22. Service counter with Subshop P.O.S, glass fronted refrigerated prep counter, overhead menu board and large drinks fridge. Refrigerated back counter, extraction system, rapid cook oven, bread oven, microwave, enclosed bread cabinet, soda fountain and coffee machine.
REAR PREPARATION AREA
Stainless steel prep table, Nemco easy slicer, retarder cabinet, fridge and freezer, storage units, soda storage and stereo system.
LADIES, GENTS & DISABLED CLOAKROOM
GENERAL INFORMATION
RATEABLE VALUE
2023 List: £20,500.Please note this is not Rates Payable. For further information we advise you contact the Local Billing Authority, Teignbridge Council.
TENURE
We have been informed that the Landlord is happy to negotiate a new lease to the new franchisee with terms to be agreed. Current rent set in 2008 is £25,000.
BUSINESS
The business has potential to be extremely profitable and would suit an owner operator. The owners have experienced a very strong trading performance following the pandemic as the Subway format provides a safe and secure environment for customers to purchase fresh fast food for both takeaway and eat in sales. Subway is also now a well-established food delivery business via partnerships with Just Eat, Deliveroo and Uber Eats platforms, providing plenty of opportunity to grow this part of the business even further. Currently this location operates Just Eat on a collection only basis whilst they wait for Just Eat to start operating on a full delivery basis. There is huge potential for the new owner to start a self-delivery service. Where Just Eat have started operations in nearby locations sales have increased significantly. The current owner will provide the new owner with every technical assistance to ensure that the store continues to be a success. Accounting information will be made available to Bona Fide applicants following a formal viewing to be arranged through Bettesworths.
INVENTORY
To include furnishings and equipment, required to operate the business, as per an inventory to be supplied, but excluding the owner's personal effects.
STOCK
Wet and Dry stock included in the sale price.
SERVICES
We have been informed the premises are connected to mains water and electricity.
EPC RATING C
Tenure: Leasehold
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