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For Sale

Subway Childers! Long Lease! Low LOW Rent! Remodelled! Stable Performance!

Brisbane Central , Queensland

Summary


  • For Sale
    Contract Type
  • Queensland
    State
  • $295,000 + SAV
    Price
  • Food/Beverage Franchise Restaurant Takeaway Food

Features


Description


Childers is a rural town and locality in the Bundaberg Region, situated on the Bruce Highway and lies 325 kilometres north of the state capital Brisbane and 52 kilometres south-west of Bundaberg.
The Isis Highway runs south from the Bruce Highway in Childers, attracting motorists and tourists as a stopover magnet for the hordes passing through.
Childers came into existence as a service town for the surrounding sugar cane fields. Today it has thriving sugar cane, avocado, and macadamia nut industries, amongst others.

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 Childers Subway franchise is prominently located in a heritage listed building on the main highway.

Business features include:

Lease - Expires 2022 with 2 x 4 year options

Business size – 88m2 + Alfresco outdoor seating

Rent excluding G.S.T. - $1,782 per month

Outgoings excluding G.S.T. - $300 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 - Owner will to complete prior to settlement inc. new Baine

Turnover (Approx.) $730,000 FY2021 (NO Deliveries)

Trading hours – generally 8.00am – 7.30pm (Can expand)

Staffing – Manager + 7 Part-time Sandwich artists

Owners hour – Nil (Out of town)

Reason for selling – Downsizing

Return to a full-time owner operator is in the vicinity of $150,000 EBITDA

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au


(Photo is representational only)