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Subway Franchise, Gympie City, Nice Rural Setting, Long Lease, Low Rent, Suit Owner / Operator!

$295,000 + SAV

Gympie, Queensland

Subway Franchise, Gympie City, Nice Rural Setting, Long Lease, 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, located on the main street, in the thick of the action. Great visibility!


Business features include:

Long Lease - Expires June 2024 + 2 x 5 year options

Rent excluding G.S.T. - $3,700 per month

Outgoings excluding G.S.T. - $43 per month

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel due ($80,000 has been discounted from the $375,000 expected price to comfortably accommodate this)

Turnover (Approx.) $685,000 (operating on reduced hours and closed Sundays for most of the year)

Trading hours range daily 7.30am 8.00pm

Staffing Manager + 9 casuals (varies)

Owners hour - Nil (Currently run under full management)

SAV approx. $7,000

Reason for selling Downsizing / Semi-retirement

Return to an owner operator is in the vicinity of $125,000 EBITDA (FY2021 normalized trade, with benchmarks achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au




(Photo is symbolic)


Gympie is a city about 170 kilometres north of Brisbane in the Wide Bay-Burnett District. It has a population of 21,000.

Gympie is famous for its gold fields.

About 30 minutes' drive east of Gympie is Tin Can Bay. Noosa on the Sunshine Coast is 45 minutes drive

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Last updated: 3rd August 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gympie
State
 Queensland
Price
$295,000 + SAV
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler