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For Sale

Subway Franchise, Brisbane Redcliffe Region, Great growth, Captive Area!

Brisbane Central , Queensland

Summary


  • For Sale
    Contract Type
  • Queensland
    State
  • $290,000 + SAV
    Price
  • Food/Beverage Franchise Restaurant Retailer

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.


Redcliffe Peninsula is approximately 27 km NE from the Brisbane CBD and is home to over 55,000 residents.

The area covers the suburbs of Clontarf, Kippa-Ring, Margate, Newport, Redcliffe, Rothwell, Scarborough and Woody Point.

As a result of its beaches as well as its coastal, fishing and recreational amenities, the Redcliffe Peninsula is a popular recreational destination within the Brisbane metropolitan area.


This Subway franchise is located in a popular suburban shopping centre which is a hub for the residents on the peninsular.

Business features include:

Lease - Expires late 2023 (Landlord has verbally indicated that a 5 year extension is possible)

Business size - 58m2 + Alfresco

Rent excluding G.S.T. - $5,934 per month

Outgoings excluding G.S.T. - $760 approx

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

Fitout -remodel – Store has commenced the remodel. Approx $50,000 of work remains. Owner will to complete with an asking price of $340,000.

Turnover (Approx.) $17,000 per week

Trading hours – generally 7.00am – 9.30pm

Staffing – 12 Sandwich artists

Owners hour – Part-time (25 hours)

Reason for selling – Other interests

Return to a full-time owner operator is in the vicinity of $160,000 EBITDA (based on a $17,000 per week sales level, with benchmarks being achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au


(Photo is representational only)