Sub franchise - Redland Bay! Very low rent! Desirable location!
Redland Bay is a township some 35 km south-east of Brisbane. In the 2011 census, Redland Bay recorded a population of 13,624 people.
Redland Bay has remained a farming and fishing-based area until the mid-20th century when some of the farms were subdivided and improved transport infrastructure made it possible for residents.
The township has long been the port for vessels plying the bay islands including, Russell Island, Macleay Island, Karragarra Island, Lamb Island and North Stradbroke Island, home to several thousand residents enjoying an idyllic, sub-tropical lifestyle.
The Franchise is situated on a small roadside shopping centre on Broadwater Terrace, with great roadside exposure.
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 1200 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
The Redland Bay outlet is a neat tidy sandwich franchise situated, in a fairly laid back relaxed location, not far from the water and island ferry terminals
Expires June 30, 2023
SIZE OF BUSINESS
72m2 + alfresco dining
RENT excluding G.S.T.
Rent is $2,550 per month
OUTGOINGS excluding G.S.T.
2011 by the current owner
8% of turnover
FRANCHISE MARKETING LEVY
4.5% of turnover
NEW FRANCHISEE ENTRY COSTS
Paid by outgoing franchisee
3 weeks in Brisbane
New 20 year agreement
Current until late 2020 and well maintained (Contribution towards remodel cost has been factored into the asking price)