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Subway Franchise, Caboolture Region, Remodelled, Low Rent! Long Lease! $200k EBITDA to Own / Op!

$599,000 + SAV

Sunshine Coast Region, Queensland

Subway Franchise, Caboolture Region, Remodelled, Low Rent! Long Lease! $200k EBITDA to Own / Op!

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 highly visible from multiple directions. It is located in a strong industrial precinct, easy access and ample parking.


Business features include:

Lease - Expires Dec 2025 + 2 x 5 year options

Business size 110m2 + Alfresco

Rent excluding G.S.T. - $2,920 per month

Outgoings excluding G.S.T. - $245 per month (1/12 of rent)

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 - extensively remodelled in 2019 with the "Fresh Forward" concept, and should be okay until 2029

Turnover (Approx.) $850,000 (FY2021) No need to rely on 3rd party delivery sales @ a low 4% of the business!

Trading hours Mon Fri 6.30am 8.30pm
Sat Sun 8.00am 8.00pm

Possible 24 hour trade location due to the locations high street appeal and exposure

Staffing Manager + Assistant Manager + 9 Sandwich Artists (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Downsizing

Good financials!

Return to an owner operator is in the vicinity of $200,000 EBITDA (FY2021)

Finance of up to 60% could be possible against the business to approved applicants


For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au


(Photo is symbolic)

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Last updated: 15th July 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Sunshine Coast
State
 Queensland
Price
$599,000 + SAV
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler