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Subway Brisbane, Mt Gravatt area! Long established! Stable performer! Busy Centre!

$555,000

Brisbane Region, Queensland

Subway Brisbane, Mt Gravatt area! Long established! Stable performer! Busy Centre!

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 approximately 7 kilometres from the Brisbane CBD, and considered an upmarket, desirable suburb, surrounded by well established housing estates


The franchisee offered is located on a busy major thoroughfare road, in a high trading shopping centre.


Business features include:

Lease - Expires March 2026

Business size - 70m2 + Alfresco

Rent excluding G.S.T. - $4,811 per month

Outgoings excluding G.S.T. - $756 per month

Established 20 years+

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

The current owner is prepared to remodel the store prior to settlement - if preferred! In this instance, the $30,000 cost will be added to the asking price.

Equipment will be sold unencumbered

Annual Turnover (Approx.)

2019/2020 $650,000
Good growth, showing annual increases

Trading hours - primarily 8.00am 9.00pm

Staffing - Owners + 8 casuals (varies)

Owners hour - Fulltime

Reason for selling - Retirement

Return to owner operator is in the vicinity of $180,000 EBITDA

Asking price:
$555,000 + SAV - as is!
$585,000 + SAV - Remodelled!


For more information, please contact:

Reg Butler
0438 189 657

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Last updated: 29th October 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane
State
 Queensland
Price
$555,000
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler