Subway Franchise - Sunshine Coast! Long Lease! Growth Area! $300k Return To Owner/operator!

Business For Sale Maroochydore, Queensland 4558

Business Category Restaurant Takeaway Food

$895,000 + SAV

Description

Subway Franchise - Sunshine Coast! Long Lease! Growth Area! $300k Return To Owner/operator!

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.

There are presently in excess of 1,300 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 franchise is located in a growing Sunshine Coast region in a centre with tremendous roadside visibility.


Some business features include:

Long Lease - Expires 2027 + 3 x 5 year options (great to borrow against)

Rent - $7,280 per month + Outgoings of $1,000 approx. excluding G.S.T.

Business size is 120m2 with a large undercover outdoor seating area

Franchise term is a new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel recently completed

Turnover is expected to be $1,500,000 (FY2024) with 5% 3rd Party Deliveries!

SAV (Stock At Value) is approximately $15,000

Trading hours range from 8.00am - 8.00pm

Staffing is currently a 6 part-time + 12 Sandwich Artists (varies)

Owner's hours Approx 15 hours per week operationally

Reason for selling Moving on

Return to a full-time owner operator is expected to be in the vicinity of $300,000 EBITDA (FY2024)

Finance of up to 60% could be available to approved applicants.


For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX

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Contact Seller
Reg Butler

Bsale ID: 640837
Broker REF: SUB4014

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