Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- Brisbane City
- State
- Queensland
- Price
- $675,000 + SAV
- Category
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Subway - Brisbane Southwest! Remodeled! $240k EBITA! Possible 24 Hour!
$675,000 + SAV
Brisbane City, Queensland
Subway - Brisbane Southwest! Remodeled! $240k EBITA! Possible 24 Hour!
The sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion dollar business, with more than 36,000 outlets in 100 countries. \Wherever the restaurants are located, the basic menu stays almost the same.
The first restaurant opened in Australia during 1988.
Australia is the group's largest market outside North America, with more locations than any other chain.
There are presently in excess of 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
This Franchise is conveniently situated in a hub regional shopping centre. Great roadside visibility.
The business is capable of 24-hour trading.
KEY FEATURES:
Current Lease expires September 2030 (This landlord does not provide options)
Size is 612 + alfresco dining
Rent excluding G.S.T. is $4,912 per month + $650 per month outgoings approx.
3 months rental bond is required
SAV is approx. $10,000
Established in 2015 and highly regarded in the area
Training is 3 weeks in Brisbane + other as required by franchisor
New 20 year Franchise agreement
Restaurant will be fully remodeled at settlement and should be okay until 2034
Annual Turnover (Approx.) FY 2023 $1,000,000 (13% 3rd Party Deliveries)
The business was relatively unaffected by Covid19
Trading Hours are generally: 7 days 7.00am 9.00pm (can extend)
Staffing -10 part-timers (varies)
After many years, the owner has decided to divest due to other huge commitments requiring attention
Potential return to full time Owner / Operator is in the vicinity of $300,000 FY2023
Full financials available
Up to 60% bank finance may be available to approved applicants
For more information, please contact:
Reg Butler
0438 189 657
(photo is symbolic)
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Last updated: 30th April 2024
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Reg Butler
Business Brokers Network- 0438 1....
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