Subway Brisbane, Mt Gravatt area! Long established! Stable performer! Busy Centre!Queensland
- For SaleContract Type
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 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 approximately 7 kilometres from the Brisbane CBD, and considered an upmarket, desirable suburb, surrounded by well established housing estates
The franchisee offered is located on a busy major thoroughfare road, in a high trading shopping centre.
Business features include:
Lease - Expires March 2026
Business size - 70m2 + Alfresco
Rent excluding G.S.T. - $4,811 per month
Outgoings excluding G.S.T. - $756 per month
Established 20 years+
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
The current owner is prepared to remodel the store prior to settlement - if preferred! In this instance, the $30,000 cost will be added to the asking price.
Equipment will be sold unencumbered
Annual Turnover (Approx.)
Good growth, showing annual increases
Trading hours - primarily 8.00am – 9.00pm
Staffing - Owners + 8 casuals (varies)
Owners hour - Fulltime
Reason for selling - Retirement
Return to owner operator is in the vicinity of $180,000 EBITDA
$555,000 + SAV - as is!
$585,000 + SAV - Remodelled!
For more information, please contact:
0438 189 657