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For Sale

Subway Franchise Brisbane Northside! PRICE DROPPED TO SELL! Now 139,500!

Brisbane, Queensland

Summary


  • For Sale
    Status
  • Brisbane
    Location
  • Queensland
    State
  • $139,900
    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 40,000 outlets in 100 countries.

There are presently in excess of 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.

The suburb is an inner northern suburb in the City of Brisbane. It is approximately 7 kilometres from the Brisbane CBD. It is considered an upmarket, desirable suburb and has a number of heritage-listed sites


The franchisee offered is located on a busy major road on prominent corner position, with high visibility from two main roads


Business features include:

Very long lease - Expires 14/01/2021 + 2 x 5 year options

Business size - 65m2 + Alfresco (2 tables + 7 seats)

Rent excluding G.S.T. - $4,326 per month

Outgoings excluding G.S.T. - $796 per month

Rental Bond - Nil

Business well established - 2008

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 - due 2022

Equipment will be sold unencumbered

Annual Turnover (Approx.)

2019/2020 $443,500
2018/2019 $469,000
2017/2018 $431,539

Trading hours
Mon – Fri 7.00am – 8.00pm
Sat - Sun 8.00am – 8.00pm

Staffing - 1 full-time manager + 8 casuals (varies)

Owners hours - Minimal operational due to fulltime employment
Currently run mainly under management, great potential for hands on operator/s.

Reason for selling - Relocating overseas

Return to owner operator is in the vicinity of $110,000 EBITDA profit per year for one owner working 40 hours per week


For more information, please contact:

Reg Butler
0438 189 657