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)