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Subway Franchise Brisbane Northside! PRICE DROPPED TO SELL! Now 139,500!

$139,900

Brisbane City, Queensland

Subway Franchise Brisbane Northside! PRICE DROPPED TO SELL! Now 139,500!

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 40,000 outlets in 100 countries.

There are presently in excess of 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.

The suburb is an inner northern suburb in the City of Brisbane. It is approximately 7 kilometres from the Brisbane CBD. It is considered an upmarket, desirable suburb and has a number of heritage-listed sites


The franchisee offered is located on a busy major road on prominent corner position, with high visibility from two main roads


Business features include:

Very long lease - Expires 14/01/2021 + 2 x 5 year options

Business size - 65m2 + Alfresco (2 tables + 7 seats)

Rent excluding G.S.T. - $4,326 per month

Outgoings excluding G.S.T. - $796 per month

Rental Bond - Nil

Business well established - 2008

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

Fit-out - due 2022

Equipment will be sold unencumbered

Annual Turnover (Approx.)

2019/2020 $443,500
2018/2019 $469,000
2017/2018 $431,539

Trading hours
Mon Fri 7.00am 8.00pm
Sat - Sun 8.00am 8.00pm

Staffing - 1 full-time manager + 8 casuals (varies)

Owners hours - Minimal operational due to fulltime employment
Currently run mainly under management, great potential for hands on operator/s.

Reason for selling - Relocating overseas

Return to owner operator is in the vicinity of $110,000 EBITDA profit per year for one owner working 40 hours per week


For more information, please contact:

Reg Butler
0438 189 657

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Last updated: 14th September 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane City
State
 Queensland
Price
$139,900
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler