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Subway Franchise Brisbane Eastern Suburbs, 10 km from CBD, Low Rent, Profitable, Remodelled!

$620,000 + SAV

Brisbane City, Queensland

Subway Franchise Brisbane Eastern Suburbs, 10 km from CBD, Low Rent, Profitable, Remodelled!

The sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with more than 40,000 outlets in 100 countries.

There are presently in excess of 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.

The suburb is approximately 7 kilometres from the Brisbane CBD, and considered an upmarket, desirable suburb, surrounded by well established housing estates.

The store is amid a neighbourhood shopping hub with most of the major services housed within.

Loyal customers are drawn from the residential locals, tradies, and commuters.


Business features include:

Lease - Expires March 2026 + Negotiable options

Business size - 84m2 + Alfresco tables + seats

Rent excluding G.S.T. - $3,790 per month

Outgoings excluding G.S.T. - $756 per month

Business is very well established and known in the area

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

Remodel will be completed prior to settlement

Annual Turnover (FY 2021) Almost $785,000

Trading Hours Generally 8.00am 9.00pm

Staffing Owners +10 casuals (varies)

Reason for selling Retirement

Return to owner operator is in the vicinity of $215,000 EBITDA

Asking price is $620,000 (fully remodelled) + SAV


For more information, please contact:


Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au


(Photo is representational)

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Last updated: 25th August 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane City
State
 Queensland
Price
$620,000 + SAV
Category
  • Food/Beverage
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler