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 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
Surfers Paradise is a coastal suburb on the with a permanent population of approximately 20,000. The suburb has many high-rise apartment buildings and a wide surf beach. The feature of the heart of the suburb is Cavill Mall, which runs through the shopping and entertainment precinct. Cavill Avenue is one of the busiest shopping strips in Queensland, and the centre of activity for night life.
Surfers Paradise is the Gold Coast's entertainment and tourism centre and the suburb's high-rise buildings are the best known feature of the city's skyline.
The franchise offered is located in the thick of the action.
Business features include:
Very long lease - Expires August 2020 + 2 x 6 year options
Business size - 50m2 + Alfresco tables + seats
Rent excluding G.S.T. - $5,900 per month from 01/09/2020 (Great for the area)
Outgoings excluding G.S.T. - $160 per month
Rental Bond - Nil
Business well established - 2002
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 - new! Extensively remodelled mid 2019
Equipment will be sold unencumbered
Annual Turnover for 2019/2020 is expected to be in the vicinity of $675,000 (estimate)
Trading hours Daily 7.00am – 9.00pm (Could extend)
Staffing - 1 full-time manager + 10 part-timer (varies)
Currently run under management, great potential for hands on operator/s.
Reason for selling - Other interests within the group
Return to owner operator is in the vicinity of $175,000 EBITDA (FY2020 estimate with negotiated rent savings)
For more information, please contact:
0438 189 657