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For Sale

Subway Franchise, Brisbane eastern suburbs, Multiyear development site, Captive area!

Brisbane Central , Queensland

Summary


  • For Sale
    Contract Type
  • Queensland
    State
  • $365,000 + 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 Subway franchise is located in an extremely popular suburban shopping centre which is a hub for the residents in the region. Approval has been granted to proceed with a massive redevelopment, which will take years to complete. This means mobs of hungry tradies literally at your doorstep!

Business features include:

Lease - Expires late 2024 (Centre does not grant options)

Business size - 74m2 + some alfresco

Rent excluding G.S.T. - $5,156 per month

Outgoings excluding G.S.T. - $570 approx

New Franchisee entry costs - $7,500 + GST

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel – The store may be relocated within the complex during the redevelopment of the centre. Choice of new location negotiable with landlord or can remain in existing location. Landlord contribution can be expected.

Turnover (Approx.) $720,000 FY2021 estimate

Trading hours – generally 7.30am – 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 $135,000 EBITDA

Bank finance of up to 60% could be possible to approved applicants
Vendor Finance may be available to selected purchasers (e.g. individuals with a Subway experience track record)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au