Great opportunity to be part of the Global Subway Brand – Elermore Vale, NSW
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Business ID: BS142885
Income to working owner $100K+ Sale Price $160K
This store is located on the outside of a well established shopping centre in Elermore Vale. The centre was refurbished in 2015 and the ‘old’ Shaft Tavern has undergone a major refurbishment and is now known as Hotel Elermore. This is an ideal opportunity for a husband and wife (etc) team. Good profits to owner operator(s) with potential to increase with hands on management.
-Established shopping centre location in Elermore Vale
-Good position close to parking
-Sales at the store have been growing since 2018 (2018 +10%, 2019 +17% and 2020 is still tracking up even with the 3 month closure due to COVID).
-Revenues up 10% in 2018
-Revenues up 17% in 2019
-Revenues are tracking upwards again in 2020 despite Covid
-Lease in place until April 2021 + 7 year option
-Rent $3,862 + GST / month inc outgoings and promotion levy
-All fixtures, fittings, equip and smallwares included
-Well trained staff, willing to continue
-Low franchise transfer fee includes training & support
A 10% deposit is required with the balance due at Settlement. The purchaser will receive initial training instore followed by further training in Brisbane at the Franchisors head office.
This is an excellent opportunity to be part of a successful national operation with backup from one of the worlds leading franchise companies.
Currently operated under management, this store would best suit an owner operator or working couple to maximise the return on investment. This well run store would provide an excellent introduction to the brand and provide a perfect platform to operate larger (or more) stores in the future.
Asking Price: The goodwill and assets of the business are available for $160,000 + SAV. It is estimated that typical stock on hand is around $8,000