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Subway - Cairns Region! Remodelled! T/O $19k per week! Out of town owner wants it sold!

$395,000

Cairns & Surrounds Region, Queensland

Subway - Cairns Region! Remodelled! T/O $19k per week! Out of town owner wants it sold!

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 regional shopping centre with a major supermarket as an anchor tenant.


Business features include:

Lease - Expires July 2024 (Centre does not give options)

Business size - 90m2 + Alfresco

Rent excluding G.S.T. - $4,600

Outgoings excluding G.S.T. - $1,200 per month

Established since 2005

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 2020 and should be okay until 2030

Turnover (Approx.) $19,000 per week

Trading hours
Mon - Fri 8.00am 8.30pm
Saturday 8.30am - 5.00pm
Sunday 8.30am - 5.00pm
(Could extend)

Staffing 3 full time + 12 casuals (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Consolidating

Return to an owner operator is in the vicinity of $180,000 EBITDA (based on a $19,000 per week sales level, with benchmarks achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 13th March 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Cairns & Surrounds
State
 Queensland
Price
$395,000
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler