Summary
- Property Type
- Business
- Contract Type
- Under Offer
- Location
- Cairns & Surrounds
- State
- Queensland
- Price
- Under Contract / Offer
- Category
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Subway Franchise - Townsville! Long Lease! Growth Area! $400k Return To Owner/Operator!
Under Contract / Offer
Cairns & Surrounds Region, Queensland
Subway Franchise - Townsville! Long Lease! Growth Area! $400k Return To 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 38,000 outlets in 106 countries.There are presently in excess of 1,300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model
This Subway franchise is located in the growing Townsville region in a large suburban shopping centre.
Some business features include:
Long Lease - Expires 2027 + 3 x 5 year options (great to borrow against)
Rent - $6,907 per month + Outgoings of $1,967 approx. excluding G.S.T. Near benchmark!
Business size is 130m2 with an outdoor seating area
Franchise term is a new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel not due until 2031
Turnover is $1,700,000 (FY2023) with 10% 3rd Party Deliveries!
The restaurant is trading 6% up on the previous year (as at time of posting)
SAV (Stock At Value) is approximately $15,000
Trading hours range from 7.00am - 9.30pm
Staffing is currently a Manager + 20 Sandwich Artists (varies)
Owner's hours Nil (Multi store owner)
Reason for selling Retirement
Return to a full-time owner operator is expected to be in the vicinity of $400,000 EBITDA (FY2023)
Finance of up to 60% could be available to approved applicants.
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
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Last updated: 30th June 2024
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Business Brokers Network
Contact
Reg Butler
Business Brokers Network- 0438 1....
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