Subway Realty Ltd, the UK corporation dedicated to leasing properties for the majority of the sandwich chain’s franchisees, has reported a slight rise in profits for year to 31 December 2011.
The company, which has lease agreements with 1,111 of the c1,565 Subway franchisees in the UK, saw pre-tax profit increase from £1.44m to £1.49m, while turnover rose from £26.2m to £26.6m.
Average rent per lease increased from £23.8k to £24k. Profit for the year stood at £1.09m up from £1.03m in 2010.
Administrative expenses for the year increased from £2.5m to £3.6m.
In addition to entering into lease/sub lease arrangements with landlords and franchisees, the business, which added 10 leases to its estate during the year, also provides services to Subway companies over various service agreements.
