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Subway Franchise, Mid Gold Coast area, Shopping Centre location, Remodelled!

$499,000 + SAV

Gold Coast Region, Queensland

Subway Franchise, Mid Gold Coast area, Shopping Centre location, Remodelled!

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.


The Subway franchise is located in a major suburban shopping centre with great major road visibility, easy entry, and good parking. This is a local hub!


Business features include:

Lease - Expires March 2027 (Centre does not give options)

Business size - 60m2 + Alfresco

Rent excluding G.S.T. - $7,437 per month
Outgoings excluding G.S.T. - $1,300 per month

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

SAV approximately $8,000

Fit-out Completed 2021

Turnover (Approx.) $17,000 per week average under normal circumstances (2 % minimal 3rd Party Delivery)

Trading hours daily 8.00am 5.30pm (Thur 9.00pm)

Staffing Manager +12 Sandwich artists (Varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Rationalizing

Potential return to a full-time owner operator is in the vicinity of $200,000 EBITDA (based on a $900,000 per annum sales level)

Finance of up to 60% may be available to approved applicants


(Photos are symbolic and not of the actual store)


For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 30th October 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gold Coast
State
 Queensland
Price
$499,000 + SAV
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler