Subway Childers! Long Lease! Low LOW Rent! Remodelled! Stable Performance!
Childers is a rural town and locality in the Bundaberg Region, situated on the Bruce Highway and lies 325 kilometres north of the state capital Brisbane and 52 kilometres south-west of Bundaberg.
The Isis Highway runs south from the Bruce Highway in Childers, attracting motorists and tourists as a stopover magnet for the hordes passing through.
Childers came into existence as a service town for the surrounding sugar cane fields. Today it has thriving sugar cane, avocado, and macadamia nut industries, amongst others.
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.
The Childers Subway franchise is prominently located in a heritage listed building on the main highway.
Business features include:
Lease - Expires 2022 with 2 x 4 year options
Business size 88m2 + Alfresco outdoor seating
Rent excluding G.S.T. - $1,782 per month
Outgoings excluding G.S.T. - $300 approx
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
Fitout - Owner will to complete prior to settlement
Turnover (Approx.) $740,000 estimate FY2021 (NO Deliveries)
Trading hours generally 8.00am 7.30pm (Can expand)
Staffing Manager + 7 Part-time Sandwich artists
Owners hour Nil (Out of town)
Reason for selling Downsizing
Return to a full-time owner operator is in the vicinity of $160,000 EBITDA