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A great opportunity to acquire two well established Subway stores in the bustling town of Basingstoke, Hampshire. Priced for a quick sale due to change in personal circumstances, with the asking price of £99,000, plus stock, for both stores, or nearest offer.
The stores are situated within the town centre, one located within the shopping centre and the other in a lively thoroughfare between the shopping centre and another busy area of the town, including a local college and theatre. They are within five minutes walks to each other, thus could be managed by a single competent store manager, and staff members can be easily deployed or shifted between the two, if and when required. One of the stores was opened around ten years ago, and the second around four, both benefiting from a good base of regular customers, consist of local office and store workers, students and significant number of shoppers. Both stores have roomy customers dining area, providing around 44 seatings each. There is a valuable parking space in one of stores. Each store is fully staffed with part-time and full-time workers, over seen by a management team. The stores have fully functioning equipment and up to date Subway corporate branding.
Current combined annual turnover of above £500,000, however, in previous years it has been much higher – with the older store alone previously having average weekly sales of around £9,000. Recent drop in sales due to quality of staff and lack of focus and presence from owner, as owner have multiple sites but geographically far apart thus cannot be on site as often as would like. The business is currently staff managed, with minimal input from owner, offering greater profits for a working onsite owner to fully maximize 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), to use well know 3rd party delivery services (due to start soon), and along with increase in opening hours taking advantage of late night trade at the weekends for one of the stores, which is situated near to some bars and pubs.
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.
One located within a shopping centre. The other situated in a High Street.
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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