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Subway Franchise, Brisbane northern region, Fully Remodelled, Captive area!

$450,000

Brisbane City, Queensland

Subway Franchise, Brisbane northern region, Fully Remodelled, Captive area!

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.


The Subway franchise is located in a popular suburban shopping centre with major road access.


Business features include:

Lease - Expires Sept 2026 + 2 x 5 year options

Business size - 77m2 + Alfresco

Rent excluding G.S.T. - $3,655 per month

Outgoings excluding G.S.T. - Nil

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 Store will be extensively remodelled prior to settlement (cost approx. $130K)

Turnover (Approx.) $17,000 per week

Trading hours daily 7.00am 9.00pm

Staffing 14 Sandwich artists

Owners hour - Nil (Currently run under full management)

Reason for selling - Retirement

Return to a full-time owner operator is in the vicinity of $140,000 EBITDA (based on a $17,000 per week sales level, with benchmarks being achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 19th March 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane City
State
 Queensland
Price
$450,000
Category
  • Restaurant
  • Retailer
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler