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Subway - Gold Coast Southside! Low rent! Back on the market!

$69,000 + SAV

Gold Coast Region, Queensland

Subway - Gold Coast Southside! Low rent! Back on the market!

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. - $3,488 per month

Outgoings excluding G.S.T. - Nil

Rental Bond - Nil

Business well established - 15 years

New Franchisee entry costs - $7,500 + GST

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

Fit-out - due (The responsibility of the new franchisee)

Equipment will be sold unencumbered

Annual Turnover (Approx.) $430,000 FY2019

SAV is approximately $4,000

Trading hours - Generally 6.30am 7.30pm

Staffing - Owners + 6 casuals (varies)

Reason for selling - Other business Interests

Return to owner operator is in the vicinity of $80,000 EBITDA profit per year for one owner working 40 hours per week

Suitable for Australian and NZ citizens and PERMANENT Visa holders

Price is $69,000 + transfer fee (NON-NEGOTIABLE)

Genuine enquiries only!



For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 31st March 2021

Summary

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

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler