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Subway Franchise Westfield Helensvale, Remodelled, RTO $170,000, Good Rent!

$399,000 + SAV

Gold Coast Region, Queensland

Subway Franchise Westfield Helensvale, Remodelled, RTO $170,000, Good Rent!

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 40,000 outlets in 100 countries.

There are presently in excess of 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.

Westfield Helensvale is located in a thriving growth corridor of South East Queensland, 25 kilometres north-west of Surfers Paradise and 62 kilometres south of Brisbane.
Strategically located at the junction of two major highways, the centre can be accessed easily by the trade area population of 335,000 residents.

Westfield Helensvale is home to Kmart, Target, Coles, Woolworths and ALDI as well as a selection of approximately 180 specialty retail stores.

The franchise offered is located in the centre's main food court. No tables and chairs to worry about. Low energy costs!


Business features include:

Lease until late 2025

Business size - 42m2 + on-location storage

Rent excluding G.S.T. - $6,205 per month + $1,100 outgoings per month. Great for a Westfield with what it has to offer. Guaranteed foot traffic!

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

Remodel was extensively completed in September 2019

Equipment will be sold unencumbered

Annual Turnover for FY2021 expected to be in the vicinity of $750,000

Trading hours daily are 8.00am 5.30pm (9.00 pm on Thursday)

Staffing Manager + 12 casuals (varies)

Currently run under management, great potential for hands on operator/s.

Reason for selling Multistore owner rationalizing within the brand

Return to owner operator is in the vicinity of $175,000 EBITDA (FY2021)

Asking price is $399,000 + SAV (Est $6,000)


For more information, please contact:


Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 19th May 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gold Coast
State
 Queensland
Price
$399,000 + SAV
Category
  • Restaurant
  • Retailer
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler