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Sub franchise - Victoria Point Shopping Centre, Suit owner operator!

$69,000 + SAV

1 Bunker Road, Victoria Point, Queensland

Sub franchise - Victoria Point Shopping Centre, Suit owner operator!

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 1200 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.


Victoria Point Shopping Centre provides easy access and one level shopping across 26,935 square metres, with over 1,300 car parks.

The Centre is anchored by a Kmart, Woolworths and Coles supermarkets, Best & Less, The Reject Shop, Terry White Chemist and over 90 Specialty Stores. together with a wide range of banking, health and general services.

The Victoria Point sandwich franchise is situated in a prime kiosk location in the main shopping centre walkway, with a small dedicated seating area


KEY FRANCHISE FEATURES:

CURRENT LEASE
Expires August 2022 (centre does not give options)

SIZE OF BUSINESS
22m2 + small seating area + storage with freezer and coldroom

RENT excluding G.S.T.
$4,598 per month

OUTGOINGS excluding G.S.T.
$267 / month approx.

ANNUAL INCREASES
4%

RENTAL BOND
2 months rent

BUSINESS ESTABLISHED
2011 by the current owner

NEW FRANCHISEE ENTRY COSTS
Paid by outgoing franchisee

TRAINING
3 weeks in Brisbane

FRANCHISE TERM
New 20 year agreement

FITOUT
Current until late 2020 and well maintained (Contribution towards remodel cost has been factored into the asking price)

ANNUAL TURNOVER (Approx.)
FY 2018 $367,000
FY 2017 $366,600

TRADING HOURS
Mon - Fri 8.00am 5.00pm (Thurs 8.30pm)
Saturday 8.00am - 4.30pm
Sunday 9.00am - 3.30pm

OWNERS HOURS
Nil

REASON FOR SELLING
Downsizing / retirement

APPROX RETURN TO OWNER/OP'S
$62,000 (FY2018) EBITDA

ASKING PRICE
$69,000 + SAV (Est. $4,000)


For more information, please contact:

Reg Butler
0438 189 657

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Last updated: 9th June 2019

Summary

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

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Contact

Reg Butler