Business DescriptionThe sandwich restaurant chain was founded in the USA, in 1965.
The company has since grown into a multi-billion-dollar business, with more than 40,000 outlets in 100 countries.
There are presently in excess of 1200 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
Upper Coomera is a suburb in the City of Gold Coast with a population of approximately 25,000 people.
Upper Coomera and Coomera have long been the main centre of urban development on the Gold Coast and are considered to be, along with Southport and Robina, one of the Gold Coast's three urban centres. Upper Coomera is a heavily suburbanised suburb consisting of many large residential developments and commercial centres. Despite already being heavily developed and having a large population, Upper Coomera is predicted by both the Queensland Government and Gold Coast City Council to grow and develop at an exponential rate well into the next decade.
Upper Coomera is a popular place of residence for dual-city commuters as it is placed roughly halfway between the central commercial districts of Southport and Beenleigh and within reasonable travelling distance to Brisbane
Features of the franchise offered for sale include:
Lease expires October 2023 + 5 year option
Business Size is 59m2 + alfresco seating
Rent excluding G.S.T. is $3,442 per month
Outgoings excluding G.S.T. are $325 per month
No Rental Bond / Guarantee
Business Established in 2008
Franchise Term is a new 20 year agreement
Fit out is due, expected cost $50,000. The asking price has been reduced to factor this cost in
FY 2019 $483,000
FY 2018 $491,000
Mon - Fri 6.00am – 8.00pm
Sat - Sun 8.00am - 8.00pm
Staffing levels is 12 casuals (varies)
Owners Hours are minimal. Multistore owner
Approx. return to Owner Operators is $94,000 (FY2019 EBITDA with control of benchmark costs)
For more information, please contact:
0438 189 657