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Subway Sandwich Franchise, Northlakes area! Long lease! Growing centre! Bank Finance Possible!

$399,000 + SAV

Brisbane Region, Queensland

Subway Sandwich Franchise, Northlakes area! Long lease! Growing centre! Bank Finance Possible!

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 long-established Subway franchise is in an extremely focal neighbourhood shopping precinct, which is the main gathering point for the suburb with a population of 20,000 people


Features include:

Long Lease - Expires October 2024 + 2 x 5 year options

Business size - 65m2

Rent excluding G.S.T. - $4,707 per month

Outgoings excluding G.S.T. - $760 per month approx.

No rental bond required

Franchise term - new 20 year agreement

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

Remodel is due in early 2022. The owner is prepared to do this, with the priced added to the asking price. Cost of the remodel is expected to be in the vicinity of $25,000.

Turnover (Approx.) $800,000 FY2021 (Approx 20% 3rd Party Deliveries)

SAV approx. $8,000

Trading hours generally 7.00am 9.00pm

Staffing Manager + 1 Full-time + 9 Sandwich Artists (Varies)

Owner's hours Nil operationally

Reason for selling Downsizing

Return to a full-time owner operator is in the vicinity of $190,000 EBITDA (Normalized FY21 with greater control of wages)

Good financials!

Bank finance of up to 60% could be possible to approved applicants

Price is $399,000 + SAV "AS IS" (Not remodelled!)

Or

$425,000 + SAV fully remodelled!

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au


(Photo is not of the actual shop and is representational)

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Last updated: 6th December 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Brisbane
State
 Queensland
Price
$399,000 + SAV
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler