back to search

Subway Gold Coast Southside! Only $69,000 + SAV! Suit Owner Operator!

$69,000

Gold Coast Region, Queensland

Subway Gold Coast Southside! Only $69,000 + SAV! Suit Owner Operator!

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 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.

This business is located towards the southern end of the Gold Coast, in a prominent location with great exposure and ample parking.


Business features include:

Lease - Expires November 2021 + 3 year option

Business size - 61m2 + Alfresco (5 tables and 10 chairs)

Rent excluding G.S.T. - $3,300 per month

Outgoings excluding G.S.T. - $1,420 per month

Rental Bond - Nil

Business well established - 15 years

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

Fit-out - due (Cost approximately $60,000) Owner is willing to do it prior to settlement with the cost added to the asking price)

Equipment will be sold unencumbered

Annual Turnover (Approx.) $430,000

SAV is approximately $4,000

Trading hours - Generally 6.30am 7.30pm

Staffing - Owners + 6 casuals (varies)

Reason for selling - Other Interests

Return to owner operator is in the vicinity of $70,000 EBITDA profit per year for one owner working 40 hours per week

Price is $69,000 without remodel or $129,000 re-modelled

For more information, please contact:

Reg Butler
0438 189 657

Business Links / Tools

Last updated: 3rd October 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gold Coast
State
 Queensland
Price
$69,000
Category
  • Franchise
  • Restaurant
  • Takeaway Food

Click to share

Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler