Subway franchise - Remodeled! Very close to Brisbane CBD! Growth mode business! $17k sales per week!Brisbane, Queensland
- For SaleStatus
- $469,000 + SAVPrice
Food/Beverage Franchise Restaurant Takeaway Food
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 40,000 outlets in 100 countries.
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.
The suburb has many mid - high-rise apartment buildings. Very close to public transport entry point, notable eatery location.
Customers are drawn from locals, students, tradies, commuters, office workers - everyone!!!
The franchise offered is located in the thick of the action.
Business features include:
Very long lease - Expires August 2021 + 2 x 5 year options
Business size - 70m2 + Alfresco tables + seats
Rent excluding G.S.T. - $5,174 per month
Outgoings excluding G.S.T. - Nil
Business well established and known in the area
New Franchisee entry costs - Nil
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel due, but can be completed by the current owner with the cost added to the price!
Equipment will be sold unencumbered
Annual Turnover for FY2020 was approximately $710,000
FY 2021 could be in the vicinity of $850,000 based on the current $17,000 sales per week
Mon - Fri 7.00am – 8.30pm (Could extend to 24 hours)
Saturday 8.00am - 8.00pm
Sunday 9.00am - 7.30pm
Staffing - Manager/s + 7 casuals (varies)
Currently run under management, great potential for hands on operator/s.
Reason for selling - Scaling down
Return to owner operator is in the vicinity of $160,000 EBITDA
Asking price is $469,000 (fully remodelled) + SAV
For more information, please contact:
0438 189 657