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For Sale

Subway franchise - Northern Brisbane Suburb, Low Rent, Lease to 2036, Fully Remodelled!

Brisbane Central , Queensland

Summary


  • For Sale
    Contract Type
  • Queensland
    State
  • $450,000 + 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.


The Subway franchise is located in a popular northern suburban shopping centre with major road access.


Business features include:

Lease - Expires Sept 2026 + 2 x 5 year options

Business size - 77m2 + Alfresco

Rent excluding G.S.T. - $3,655 per month

Outgoings excluding G.S.T. - Nil

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

Fit-out – Fully remodelled

Turnover (Approx.) $787,000 FY2021

Trading hours – daily 7.00am – 9.00pm

Staffing – 14 Sandwich artists

Owners hour - Nil (Currently run under full management)

Reason for selling - Retirement

Return to a full-time owner operator is in the vicinity of $170,000 EBITDA (based on a $15,000 per week sales level, with benchmarks being achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au