Subway franchise - Very close to Brisbane CBD! Growth mode business!
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
The 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.
The suburb has many mid - high-rise apartment buildings. Very close to public transport entry point, notable eatery location.
Customers are drawn from locals, students, tradies, commuters, office workers - everyone!!!
The franchise offered is located in the thick of the action.
Business features include:
Very long lease - Expires August 2021 + 2 x 5 year options
Business size - 70m2 + Alfresco tables + seats
Rent excluding G.S.T. - $5,174 per month
Outgoings excluding G.S.T. - Nil
Business well established
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 - Remodel due!
Equipment will be sold unencumbered
Annual Turnover for FY2020 was approximately $700,000
Mon - Fri 7.00am 8.30pm (Could extend)
Saturday 8.00am - 8.00pm
Sunday 9.00am - 7.30pm
Staffing - Manager/s + 7 casuals (varies)
Currently run under management, great potential for hands on operator/s.
Reason for selling - Scaling down
Return to owner operator is in the vicinity of $170,000 EBITDA
Asking price is $399,000 as as, or $499,000 remodelled
For more information, please contact:
0438 189 657