Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- Mount Gravatt
- State
- Queensland
- Price
- $150,000 + SAV
- Category
back to search
Subway Franchise, Mt Gravatt area, Trading 25% up! Suit owner operator, Remodelled! IMO Underpriced!
$150,000 + SAV
Mount Gravatt, Queensland
Subway Franchise, Mt Gravatt area, Trading 25% up! Suit owner operator, Remodelled! IMO Underpriced!
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 an area close to Mt Gravatt
Business features include:
Lease - Expires September 2027.
Rent excluding G.S.T. - $5,520 per month
Outgoings excluding G.S.T. - $800 per month approx.
Rent capped at 3.5% per annum
Rental Bond - 3 month's rent
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodelled store
Turnover (Approx.) FY2023 $600,000 (Currently $12,000 - $14,000) per week
SAV is approx. $7,000
Trading hours Generally 8.30am 8.00pm (can extend)
Staffing Manager + 10 casuals (varies)
Owner's hour Nil (unless required)
Reason for selling Downsizing / Retirement
Potential return to an owner operator is in the vicinity of $125,000 - $150,000 EBITDA (based on current sales of $12,000 - $13,500 per week)
Cash buyer preferred!
Price is $150,000 + SAV
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
(Please note - if you don't receive a reply from the broker within a reasonable time, please contact Reg on the above numbers)
Business Links / Tools
Last updated: 17th March 2023
Agency
Business Brokers Network
Contact
Reg Butler
Business Brokers Network- 0438 1....
- send email
- view profile