Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- Cairns & Surrounds
- State
- Queensland
- Price
- $175,000 + SAV
- Category
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Subway Townsville! Major Shopping Centre! Remodelled! Ideal first store! Priced to Sell!
$175,000 + SAV
Cairns & Surrounds Region, Queensland
Subway Townsville! Major Shopping Centre! Remodelled! Ideal first store! Priced to Sell!
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 36,000 outlets in 100 countries. Wherever the restaurants are located, the basic menu stays almost the same.The first restaurant opened in Australia during 1988. Australia is the group's largest market outside North America, with more locations than any other chain.
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 Subway Franchise is prominently located in a major Shopping Centre. It shares a large food court seating area, together with numerous major name food businesses.
FEATURES:
Lease expires April 2026. (this Centre does not provide options, but there is not usually a problem renewing)
Size is 54m2
Established 3 years
Rent excluding G.S.T. is $3,520 per month (with reduction to 04/2026) + $954 outgoings + $238 promotions levy (Good for a centre of this magnitude)
3 months rental bond is required
SAV is approx. $6,000
Fit out is current until 2031
Training is 3 weeks in Brisbane (tbc)
New 20 year Franchise agreement
Turnover FY 2024 $615,000 estimate (NO 3rd Party Deliveries)
Trading Hours are:
Mon - Sat 9.00am - 4.00pm (8.00pmThursday)
Sunday 10.00am - 4.00pm
Staffing - Supervisor + 7 casuals (varies)
Approximate return to full time Owner / Operator is in the vicinity of $135,000 EBITDA FY2024
Good clean financials
For more information, please contact:
Reg Butler
0438 189 657
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Last updated: 1st October 2024
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Contact
Reg Butler
Business Brokers Network- 0438 1....
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