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Subway franchise - Varsity Lakes Gold Coast! Suit owner operator! Nice area!

$260,000 + SAV

Gold Coast Region, Queensland

Subway franchise - Varsity Lakes Gold Coast! Suit owner operator! Nice area!

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.

Varsity Lakes is a suburb of the City of Gold Coast. The 2011 census reported a population of 14,366 for the area.

Subway Varsity Lakes is situated in the popular Market Square, which offers a range of retail to the Varsity Lakes community. Major chains such as Night Owl and IGA are all located in the complex. Market Square also offers banks, beauty salons, bottle shops, chemists, dental care, gyms, real estates, restaurants and taverns.

Bond University is situated close by.



Business features include:

Lease - Expires July 2023 + 5 year option

Business size - 80m2 + Alfresco

Rent excluding G.S.T. - $5,206 per month

Outgoings excluding G.S.T. - $104 approx. Signage!

SAV approximate $6,000

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

The store is due to be remodelled (Estimated cost $50,000)

Turnover (Approx.) $560,026 (10% 3rd Party Deliveries)

Trading hours generally 7.00am 9.00pm

Staffing Manager + 10 Sandwich Artists (Varies)

Owner's hours Paid as worked

Reason for selling Retirement

Return to a full-time owner operator EBITDA is in the vicinity of $110,000 with control of costs (FY2021)


For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Last updated: 13th October 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gold Coast
State
 Queensland
Price
$260,000 + SAV
Category
  • Restaurant
  • Retailer
  • Takeaway Food

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Agency

Business Brokers Network

Business Brokers Network

Contact

Reg Butler