Sub Franchise - High Volume & Low Rent Food Court Location ACT
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Well known Sub Sandwich franchise store for sale in a high volume shopping centre food court location.
Occupying prime position in the Canberra Outlet Centre food court, this comparativly low rent store is a strong performer, achieving over $900k sales in 2016, and able to return a profit to owner of over $200kpa + salary if they choose to work in store themselves.
With a full team in place, including a long term store manager, operations couldn't be easier. The current owner spends only a few hours per week managing paperwork and rostering, whilst the Store Manager handles all day to day operations in the store.
This store is highly efficient compared to others in the same chain. Store hours are only 9am to 6pm daily, with no late nights or early mornings. With only seven staff on the team management is a breeze. Full training and support is offered by the Franchisor.
Sales over $900kpa
Rent less than 8.0% of turnover
Secure lease until late 2023 with fixed 4% annual increases.
Small 45 square metre store with no dining area or outdoors space to worry about.
Small team of only seven staff, with experienced Manager in place.
The franchise system is on the 'approved' list with many of the large banks, meaning you can potentially secure up to 60% of the purchase price against the business itself.
Don't miss out on this rare gem in such a successful, well known, established chain.
Asking $655k + SAV (around $7k).
Contact now to receive more details
Phone enquiries - please quote property ID 18250