Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- Brisbane
- State
- Queensland
- Price
- $365,000 + SAV
- Category
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Subway Franchise, Brisbane eastern suburbs, Multiyear development site, Captive area!
$365,000 + SAV
Brisbane Region, Queensland
Subway Franchise, Brisbane eastern suburbs, Multiyear development site, 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.
This Subway franchise is located in an extremely popular suburban shopping centre which is a hub for the residents in the region. Approval has been granted to proceed with a massive redevelopment, which will take years to complete. This means mobs of hungry tradies literally at your doorstep!
Business features include:
Lease - Expires late 2024 (Centre does not grant options)
Business size - 74m2 + some alfresco
Rent excluding G.S.T. - $5,156 per month
Outgoings excluding G.S.T. - $570 approx
New Franchisee entry costs - $7,500 + GST
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel The store may be relocated within the complex during the redevelopment of the centre. Choice of new location negotiable with landlord or can remain in existing location. Landlord contribution can be expected.
Turnover (Approx.) $720,000 FY2021 estimate
Trading hours generally 7.30am 9.00pm
Staffing Manager + 12 Sandwich Artists (Varies)
Owner's hours Nil
Reason for selling Retirement
Return to a full-time owner operator is in the vicinity of $135,000 EBITDA
Bank finance of up to 60% could be possible to approved applicants
Vendor Finance may be available to selected purchasers (e.g. individuals with a Subway experience track record)
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
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Last updated: 8th April 2021
Agency
Business Brokers Network
Contact
Reg Butler
Business Brokers Network- 0438 1....
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