Subway Brisbane Northern Suburbs, T/o $710,000 Est, Lease To 2037! Very Low Rent! Remodelled!

Business For Sale Spring Hill, Queensland 4000

Business Category Franchise Business Opportunities Restaurant Takeaway Food

$450,000

Description

Subway Brisbane Northern Suburbs, T/o $710,000 Est, Lease To 2037! Very Low Rent! Remodelled!

The Subway franchise is located in a northern suburb approximately 12 km north of Brisbane. It is a community split between residential and industrial land usage, the latter being attracted by the accessibility of local transport.

The area is progressively becoming a commercial hub due to its connection to the Gateway Motorway.

The Subway 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 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.


This Subway outlet is prominently located on a busy road, with plenty of favored "grab and go" parking. Excellent for passing travellers and tradies.


FEATURES INCLUDE:

Current Lease expires 26/06/2022 with 3 x 5 year options

Size is 100m2 + alfresco seating

LOW Rent excluding G.S.T. is $3,250 per month + $500 per month outgoings

Excellent catering location - can expand considerably!

Established within the last 10 years

Training 3 weeks in Brisbane

New 20 year Franchise agreement

Will include the latest fit-out

Annual Turnover is estimated to be $710,000 for FY2021

Trading Hours between 7.00am 8.00pm (could extend)

Staffing - supervisor + 11 casuals (varies)

Financials available!

Owners retiring

Approximate return to full time Owner / Operator is in the vicinity of $140,000 (FY2021) EBITDA.


For more information, please contact:

Reg Butler
XXXXXXXXXX
XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 525126
Broker REF: 11337

Business Brokers Network Australia
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