Dereham Norfolk Leading Fast Food Sandwich Restaurant Franchise For Sale

Business description

Large established fast food sandwich franchise outlet for sale in a prime town centre location in Dereham, Norfolk. This store was opened over 4 years ago and has been well maintained by the original owners. It is an excellent size location covering approximately 1,378sq ft and has a fantastic service area with 36 covers. The store focuses on providing quality food with great customer service, which has created a loyal customer base. The current owners have concentrated on in-store sales, but there are excellent opportunties to build a catering side to this business in the form of private parties, office meetings, etc.

Included in asking price: £30,000 equipment and £45,000 shopfit expenses.

This store is part of the largest specialist sandwich chain in the UK and Ireland. Worldwide, this chain has in excess of 35,000 restaurants in 98 countries.

Please note: the purchase of this business is subject to entering into a franchise agreement.

Property information

Property:

Leasehold

Lease terms:

This store has a fifteen year lease with just under eleven years remaining.

Location:

This store is situated in a prime town centre location on the market place. All traffic passing through the town centre drives past this area. There are also many parking spaces outside the front of the shop. The location of this shop makes it accessible to shoppers in the town centre, local businesses and students.

Premises details:

The premises are on the ground floor over approximately 1,378sq ft, which is considered to be a large store within this chain. This allows for 36 covers and more seating could be added. The premises are very clean and have been well maintained.

Business Operation

Expansion potential:

The current owners have focussed on in-store sales due to private time constraints, but have always intended to build a catering side to their business. The sandwich chain have recently developed a new catering menu, which simplifies the process and will make marketing much easier. The store has a regular weekly catering order. There are many opportunities to greatly improve the store sales by securing similar orders in the form of private parties, office meetings, etc. There are many offices and a few industrial estates that could be targeted when marketing the catering side of this business.

It is also worth noting that Dereham is large enough for a further store to be opened outside of the town centre, for example in a petrol station where there is already a high foot fall.

Reasons for selling:

This store is quite a distance from the owners home town location and their other store. The owners would like to develop further stores, but feel that it would be more efficient to focus on developing in and around their home town/other store location. This is a reluctant sale due to distance.

Trading hours:

Mon - Thurs: 7:30am - 8pm
Fri & Sat: 7:30am - 10pm
Sun: 9am - 8pm

Employees:

This store is operated by six employees. The owners monitor the store daily and make regular visits.

Years established:

This store was opened over four years ago by the current owners.

Other information

Support & training:

The purchaser will be required to complete a training course, consisting of classroom training and in-store training. The owners of this business are qualified to perform the in-store part of the training course at their other store and maybe able to arrange for the purchaser to complete their training with them. Both of their stores are operated exactly the same so this will allow the purchaser to learn all of the necessary information together with exactly how their particular store operates. The owners are also willing to offer initial support after the purchase to allow for a smooth transition.

Inventory / Stock value:

£3,000 (included in the asking price)