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For Sale

Subway Sandwich Franchise, Gold Coast Northern end! Potential +++!, Captive Active Area!

Gold Coast , Queensland

Summary


  • For Sale
    Contract Type
  • Queensland
    State
  • $495,000 + SAV
    Price
  • Food/Beverage Franchise Restaurant Takeaway Food

Features


Description


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 iconic well established Subway franchise is in an extremely busy hub area boasting shops, industrial complexes, big box retailers, schools, hospitals – the lot!

Great roadside exposure – adverting in itself!

Hungry permanent work force nearby. This is unlikely to change for years.



Business features include:

Lease - Expires mid 2028 + 2 x 7 year options

Business size - 57m2

Rent excluding G.S.T. - $4,970 per month

Outgoings excluding G.S.T. - $1,250 approx.

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel – Remodel is due and the owner is prepared to do this within the price, or discount $100,000 if the new owner wants to undertake the project themselves.

Turnover (Approx.) $885,000 FY2021 (Only 11% 3rd Party Deliveries)

SAV approx. $8,000

Trading hours – generally 6.30am – 8.30pm (Could extend)

Staffing – Manager + 15 Sandwich Artists (Varies)

Owner’s hours – Nil operationally

Reason for selling – Retirement

Return to a full-time owner operator is in the vicinity of $190,000 EBITDA (Normalized FY21)

Price is $495,000 + SAV – fully remodelled!
Or $395,000 + SAV – “as is” Not remodelled!

Bank finance of up to 60% could be possible to approved applicants

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au