Subway franchise - Northern Brisbane Suburb, Low Rent, Lease to 2036, Fully Remodelled!Brisbane Central , Queensland
- For SaleContract Type
- $450,000 + SAVPrice
Food/Beverage Franchise Restaurant Takeaway Food
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:
0438 189 657