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Subway Gold Coast area! Remodeled! Food court! Only 125,000 + SAV!

$125,000

Gold Coast Region, Queensland

Subway Gold Coast area! Remodeled! Food court! Only 125,000 + SAV!

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.


The suburb has many mid - high-rise apartment buildings.

The franchise offered is located in a very busy, well known shopping centre food court.

The business is suitable for Citizens and Permanent Residents.


Business features include:

Lease expires March 2024. This centre does not give options!

Business size - 57m2

Rent excluding G.S.T. - $6,855 + $855 outgoings + $353 promotions levy per month

Business well established and known in the area

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

Fully Remodeled in 2020

Equipment will be sold unencumbered

Annual Turnover for FY2019 was approximately $520,000

Trading hours
Mon - Sat 9.00am 5.00pm (Thurs 8.00pm)
Sunday 10.00 - 4.00pm

Staffing - Part-timers + 7 casuals (varies)

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

Reason for selling - Scaling down

Return to owner operator is in the vicinity of $100,000 EBITDA FY2019

Asking price is $125,000 + SAV ($5,000 estimated)

Prefer CASH buyer! (This business is suitable for Australian and NZ citizens, and current Permanent Residents only)


For more information, please contact:


Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 13th March 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gold Coast
State
 Queensland
Price
$125,000
Category
  • Franchise
  • Restaurant
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler