Subway Franchise Western Suburbs 10 Km From Brisbane Cbd, Long Lease, Fully Remodelled!

Business For Sale Brisbane, Queensland 4000

Business Category Other Retail Takeaway Food

$525,000 + SAV

Description

Subway Franchise Western Suburbs 10 Km From Brisbane Cbd, Long Lease, Fully Remodelled!

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.


This suburb is considered as a desirable postcode and a great place to live. The store has tremendous roadside exposure.

Loyal customers are drawn from the residential locals, tradies, and commuters.


Business features include:

Very long lease - Expires May 2023 + options until 2032 (great for borrowing against)

Business size - 84m2 + Alfresco tables + seats

Rent excluding G.S.T. - $5,152 per month

Outgoings excluding G.S.T. - $1,281 per month

Business is very well established and known in the area

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

Remodel will be completed prior to settlement

Annual Turnover (FY 2021) Almost $875,000

Trading hours
Mon - Sat 7.00am 9.00pm
Staffing - Manager/s + 10 casuals (varies)

Currently run under management, great potential for hands on operator/s.

Reason for selling Retirement with relocation

Return to owner operator is in the vicinity of $170,000 EBITDA

Asking price is $525,000 (fully remodelled) + SAV


For more information, please contact:


Reg Butler
XXXXXXXXXX

XXXXXXXXXX


(Photo is representational)
Contact Seller
Reg Butler

Bsale ID: 555336
Broker REF: RB627

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