Subway St Lucia Brisbane! Enviable location! Price includes remodel!
Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 40,000 outlets in 100 countries.
There are presently in excess of 1300 restaurants around Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
St Lucia is 6 kilometres southwest of the Brisbane CBD and has a population of 12,500 people. The green leafy suburb sits on a peninsula, bounded by a horseshoe bend in the Brisbane River.
One third of the suburb is occupied by the main campus of The University of Queensland. The northern side is primarily medium to high density residential including numerous high-rise apartments on the river-front. The area in the centre and south is mainly low-density residential. The south-west is occupied by the prestigious Saint Lucia golf links.
St Lucia is mainly a residential suburb and is generally regarded as one of the most affluent suburbs in Brisbane. For many years it was the third most expensive suburb behind Hamilton and Ascot.
The franchisee offered is located on tree lined Hawken Drive, where there is a constant hub of activity, with the main neighbourhood St Lucia shops, and buses merging.
Business features include:
Lease - 31/08/2024 (negotiable options if required)
Business size - 85m2 + Alfresco
Rent excluding G.S.T. - $5,224.75 per month
Outgoings excluding G.S.T. - $1,454.38 per month
Rental Bond - Nil
Business well established - 1999
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 - Current franchisee will do the latest remodel prior to settlement
Equipment will be sold unencumbered
Annual Turnover (Approx.) FY2018/2019 $523,000
Mon - Fri 7.30am 11.00pm
Sat 8.30am 11.00pm
Sun 9.00am 11.00pm
Staffing - 10 Casual Sandwich Artists (varies)
Owners hours - Minimal (if required)
Currently run mainly by capable well trained staff with minimal supervision. Great potential for hands on operator/s.
Reason for selling - Distance to travel
Return to owner operator is in the vicinity of $120,000 EBITDA profit per year