Subway Franchise, Caboolture Region, Remodelled, Low Rent! Long Lease! $200k EBITDA to Own / Op!Moreton , Queensland
- For SaleContract Type
- $599,000 + SAVPrice
Food/Beverage Franchise Restaurant Takeaway Food
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 highly visible from multiple directions. It is located in a strong industrial precinct, easy access and ample parking.
Business features include:
Lease - Expires Dec 2025 + 2 x 5 year options
Business size – 110m2 + Alfresco
Rent excluding G.S.T. - $2,920 per month
Outgoings excluding G.S.T. - $245 per month (1/12 of rent)
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 - extensively remodelled in 2019 with the "Fresh Forward" concept, and should be okay until 2029
Turnover (Approx.) $850,000 (FY2021) No need to rely on 3rd party delivery sales @ a low 4% of the business!
Trading hours – Mon – Fri 6.30am – 8.30pm
Sat – Sun 8.00am – 8.00pm
Possible 24 hour trade location due to the locations high street appeal and exposure
Staffing – Manager + Assistant Manager + 9 Sandwich Artists (varies)
Owners hour - Nil (Currently run under full management)
Reason for selling - Downsizing
Return to an owner operator is in the vicinity of $200,000 EBITDA (FY2021)
Finance of up to 60% could be possible against the business to approved applicants
For more information, please contact:
0438 189 657
(Photo is symbolic)