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Subway Franchise, Gympie, Bruce Highway location, $1m turnover, Long Lease, Low Rent!

$495,000

Gympie, Queensland

Subway Franchise, Gympie, Bruce Highway location, $1m turnover, Long Lease, Low Rent!

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 on the main highway, in a small shopping centre, recognized as a popular convenient fast food stop.


Business features include:

Long Lease - Expires February 2025 + 3 x 5 year options

Rent excluding G.S.T. - $3,170 per month

Outgoings excluding G.S.T. - $600 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 ($100,000 has been discounted from the $595,000 expected price to comfortably accommodate this)

Turnover (Approx.) $1,075,000 (operating on reduced hours during Covid)

Trading hours range daily 7.00am 9.00pm

Staffing 11 Part-timers (varies)

Owners hour - Nil (Currently run under full supervision)

Reason for selling Downsizing / Semi-retirement

Return to an owner operator is in the vicinity of $200,000 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 historical ambience and gold fields.

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

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Last updated: 5th August 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gympie
State
 Queensland
Price
$495,000
Category
  • Food/Beverage
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler