Subway franchise, Brisbane CBD, 10 year lease, Just remodelled, Imminent potential!
Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.
There are presently in excess of 1,300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
Subway 344 Queen Street is conveniently located in the heart of Brisbane's premier office precinct, considered as "The Golden Triangle".
The Subway franchise is located prominently on the ground floor, and is in close proximity to all public transport options (bus, train and ferry), while also being near the Queen Street Mall, and Eagle Street Pier.
344 Queen Street is surrounded by numerous amenities and financial institutions, servicing a massive pedestrian traffic flow, literally walking past the welcoming front door.
The business is set to benefit with an imminent high rise (26 storey) development (new construction) next door, which will see 100's of tradespeople, traditionally with huge appetites, working on the project.
Business features include:
Lease - Expires late 2030 (great for borrowing against)
Business size - 90m2 + Alfresco
Rent excluding G.S.T. - $10,000 per month (great for this key location)
Outgoings excluding G.S.T. - $350 per month
Established since 2011
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 - extensively remodelled in 2020 and should be okay until 2030.
Turnover (Approx.) $16,500 per week pre Covid-19 and fast returning back to this level. Projected growth on top of this is considerable with the commencement of the neighbouring new high-rise construction
Catering turnover is potentially huge to a motivated operator, given the proximity to 1,000's of office workers