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 36,000 outlets in 100 countries. Wherever the restaurants are located, the basic menu stays almost the same.
The first restaurant opened in Australia during 1988. Australia is the group’s largest market outside North America, with more locations than any other chain.
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.
Victoria Point Shopping Centre provides easy access and one level shopping across 26,935 square metres, with over 1,300 car parks.
The Centre is anchored by a Kmart, Woolworths and Coles supermarkets, Best & Less, The Reject Shop, Terry White Chemist and over 90 Specialty Stores. together with a wide range of banking, health and general services.
The Victoria Point sandwich franchise is situated in a prime kiosk location in the main shopping centre walkway, with a small dedicated seating area
KEY FRANCHISE FEATURES:
Current lease expires August 2022 (centre does not give options)
22m2 kiosk + small seating area + storage with freezer and coldroom
Rent excluding G.S.T. is $4,598 per month + $267 / month outgoings approx.
New 20 year Franchise agreement
Fit-out current until late 2020 and well maintained (Contribution towards remodel cost has been factored into the asking price)
Annual Turnover (Approx.)
FY 2018 $367,000
FY 2017 $366,600
Mon - Fri 8.00am – 5.00pm (Thurs 8.30pm)
Saturday 8.00am - 4.30pm
Sunday 9.00am - 3.30pm
Owner is downsizing for retirement
Approx return to owner / operators is $62,000 (FY2018) EBITDA
For more information, please contact:
0438 189 657