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Subway Franchise, Gold Coast central area, Nice rural setting, Low rent, Suit owner / operator!

$149,000 + SAV

Burleigh Heads, Queensland

Subway Franchise, Gold Coast central area, Nice rural setting, Low rent, Suit owner / operator!

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 located in a small regional shopping centre, pivotal to the area.


Business features include:

Lease - Expires March 2026

Rent excluding G.S.T. - $2,292 per month

Outgoings excluding G.S.T. - $225 per month

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 due mid 2022

Turnover (Approx.) $7,000 per week

Trading hours range daily 8.00am 6.00pm (possible to increase for breakfast and dinner trade)

Staffing Manager + 6 casuals (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling Downsizing / Relocating

Return to an owner operator is in the vicinity of $90,000 EBITDA (based on a $7,000 per week sales level, with benchmarks achieved)

Price is $149,000 + SAV (as is)
Or $199,000 + SAV (fully remodelled)


For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au



N.B. This business is not suitable to be run under management.

N.B. This business is not suitable for visa purposes




(Photo is symbolic)

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Last updated: 24th August 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Burleigh Heads
State
 Queensland
Price
$149,000 + SAV
Category
  • Food/Beverage
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler