Location:
Brisbane - Greater > Queensland
Investment level:
$480,000 + SAV
Type:
Business
Industry:
Food & Drink > Takeaway & Casual Dining
Subway Franchise, Centenary Area, Regional Shopping Centre! High Growth Area, Remodelled!
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.
Business features include:
Lease - Expires 2027 with a 5 year option
Business size - 81m2 + Alfresco seating
Rent excluding G.S.T. - $5,345 per month
Outgoings excluding G.S.T. - NIL
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel - The restaurant will be fully remodelled at settlement - if required!
Turnover (Approx.) $700,000 FY2024 (LOW 8% 3rd party deliveries)
Trading hours - Vary from 8.00am - 8.30pm
Staffing - Manager + 11 Sandwich Artists (Varies)
Owner’s hours - Nil (Minimal if required)
Reason for selling - Retirement
Return to a full-time owner operator is in the vicinity of $160,000 EBITDA (FY2024)
Price is $480,000 + SAV fully remodelled!
(Alternatively the store can be sold not remodelled for $320,000 + SAV)
For more information, please contact:
Reg Butler
0438 189 657
[email protected]
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