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Subway franchise, Brisbane CBD, NEW 10 year lease, Fully Remodelled, Tremendous potential!

$375,000

Brisbane Region, Queensland

Subway franchise, Brisbane CBD, NEW 10 year lease, Fully Remodelled, Tremendous 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 e.g. ANZ, NAB and CBA head offices, and services a massive pedestrian traffic flow literally walking past the welcoming front door.

The business is also 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 for a couple of years.

Business features include:

Lease - Expires March 2031 (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 was (Approx.) $16,500 per week

Projected growth could be considerable with the commencement of the neighbouring new high-rise construction (construction workers have massive appetites)

Maximized catering income is anyone's guess, given the proximity to 10,000's of office workers within "The Golden Triangle"

Trading hours
Mon - Fri 7.00am 8.00pm
Saturday 8.00am - 4.00pm
Sunday 9.00am - 3.00pm
(Could extend)

Staffing - Manager + 8 casuals (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Consolidating

Return to an owner operator is in the vicinity of $140,000 EBITDA (based on a $16,000 per week sales level, with benchmarks achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 6th March 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane
State
 Queensland
Price
$375,000
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler