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Subway - St Lucia! Desirable upmarket suburb! Captive neighborhood shopping and transport hub!

$350,000 + SAV

242 Hawken Drive, Brisbane City, Queensland

Subway - St Lucia! Desirable upmarket suburb! Captive neighborhood shopping and transport hub!

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 in an extremely attractive leafy location, which is a hub for the St Lucia tradies, residents and students in the region. The bus station is very close to the highly visible store's front door.


Business features include:

Lease - Expires 2024 with additional options or new lease Negotiable

Business size 85m2 + Alfresco seating

Rent excluding G.S.T. - $5,433 per month

Outgoings excluding G.S.T. - $1,454 /month Approx.

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel The could be fully remodeled at settlement if required!

Turnover (Approx.) $554,000 FY2021

Trading hours generally 7.30am 11.00pm

Staffing 10 Sandwich Artists (Varies)

Owner's hours Nil

Reason for selling Distance to travel

Return to a full-time owner operator is in the vicinity of $124,000 EBITDA

Price is $350,000 + SAV (as is)

or $499,000 + SAV fully remodelled!


For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 15th July 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane City
State
 Queensland
Price
$350,000 + SAV
Category
  • Food/Beverage
  • Restaurant
  • Retailer

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler