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For Sale

Subway St Lucia Brisbane! Enviable location! Price includes remodel!

Brisbane City, Queensland

Summary


  • For Sale
    Status
  • Brisbane City
    Location
  • Queensland
    State
  • $399,500 + 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 40,000 outlets in 100 countries.

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


St Lucia is 6 kilometres southwest of the Brisbane CBD and has a population of 12,500 people. The green leafy suburb sits on a peninsula, bounded by a horseshoe bend in the Brisbane River.

One third of the suburb is occupied by the main campus of The University of Queensland. The northern side is primarily medium to high density residential including numerous high-rise apartments on the river-front. The area in the centre and south is mainly low-density residential. The south-west is occupied by the prestigious Saint Lucia golf links.

St Lucia is mainly a residential suburb and is generally regarded as one of the most affluent suburbs in Brisbane. For many years it was the third most expensive suburb behind Hamilton and Ascot.


The franchisee offered is located on tree lined Hawken Drive, where there is a constant hub of activity, with the main neighbourhood St Lucia shops, and buses merging.


Business features include:

Lease - 31/08/2024 (negotiable options if required)

Business size - 85m2 + Alfresco

Rent excluding G.S.T. - $5,224.75 per month

Outgoings excluding G.S.T. - $1,454.38 per month

Rental Bond - Nil

Business well established - 1999

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 - Current franchisee will do the latest remodel prior to settlement

Equipment will be sold unencumbered

Annual Turnover (Approx.) FY2018/2019 $523,000

Trading hours
Mon - Fri 7.30am – 11.00pm
Sat 8.30am – 11.00pm
Sun 9.00am – 11.00pm

Staffing - 10 Casual Sandwich Artists (varies)

Owners hours - Minimal (if required)
Currently run mainly by capable well trained staff with minimal supervision. Great potential for hands on operator/s.

Reason for selling - Distance to travel

Return to owner operator is in the vicinity of $120,000 EBITDA profit per year


For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au