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.
Southport is a coastal suburb and the central business district near the midpoint of Gold Coast, and has one of the city's largest communities. As of the 2016 Census, Southport had a population of 31,908.
In the past, Southport was the central entertainment location of the Gold Coast. In current times it is set apart from the normal tourist hub of the Gold Coast. However, it has still experienced tourist-driven development and extraordinary growth. Southport has 18 high-rise towers either completed, under construction or awaiting commencement.
The sandwich franchise offered for sale is situated in a modern, well frequented shopping centre, with great roadside traffic flow visibility, and plenty of pedestrian traffic. The store trades well into the night, given the ease of access and demographics.
Customers include, locals, tradees, schools, passing traffic.
This location, due to the surrounding enterprises and captive traffic flow, will remain popular for years to come.
Lease expires April 2022 + 3 year option
Business Size is 53m2 + footpath seating
Rent excluding G.S.T. is $3,990 per month + Outgoings excluding G.S.T. $340 per month + GST
Business was established in 2003
New 20 year Franchise agreement
Remodelled in 2016. Should be okay until 2023 (TBC)
TURNOVER (Approx.) FY 2019 $643,000
Mon - Fri 7.00am – 9.00pm
Sat - Sun 8.00am - 9.00pm
Staffing is 13 casuals (varies)
Owners Hours are approximately 20 hours per week
Approx. return to Owner Operators is $135,000 EBITDA
For more information, please contact:
0438 189 657