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For Sale

Subway Sandwich Franchise, Nice Brisbane Eastern Suburbs, Captive Area!

Brisbane, Queensland

Summary


  • For Sale
    Status
  • Brisbane
    Location
  • Queensland
    State
  • $480,000 + 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 located in an extremely busy shopping precinct, 20 km from the Brisbane CBD.

Great roadside exposure - cannot but not notice when passing by!

Hungry permanent work force near by



Business features include:

Lease - Expires mid 2023 + % year option (Neg)

Business size - 92m2 + some alfresco

Rent excluding G.S.T. - $5,306 per month

Outgoings excluding G.S.T. - $376 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 $100,000 has been discounted from the asking price to accommodate this.

Turnover (Approx.) $892,000 FY2021 (20% 3rd Party deliveries)

SAV approx. $7,000

Trading hours – generally 7.00am – 9.00pm

Staffing – Manager + 12 Sandwich Artists (Varies)

Owner’s hours – Nil

Reason for selling – Retirement

Return to a full-time owner operator is in the vicinity of $200,000 EBITDA (FY21)

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