Subway Franchise - Townsville! Long Lease! Growth Area! $400k Return To Owner/operator!

Business For Sale Cairns + Townsville QLD Region, Queensland

Business Category Restaurant Takeaway Food

$1,000,000 + SAV

Description

Subway Franchise - Townsville! Long Lease! Growth Area! $400k 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 the growing Townsville region in a large suburban shopping centre.


Some business features include:

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

Rent - $6,907 per month + Outgoings of $1,967 approx. excluding G.S.T. Near benchmark!

Business size is 130m2 with an 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 not due until 2031

Turnover is $1,700,000 (FY2023) with 10% 3rd Party Deliveries!
The restaurant is trading 6% up on the previous year (as at time of posting)

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

Trading hours range from 7.00am - 9.30pm

Staffing is currently a Manager + 20 Sandwich Artists (varies)

Owner's hours Nil (Multi store owner)

Reason for selling Retirement

Return to a full-time owner operator is expected to be in the vicinity of $400,000 EBITDA (FY2023)

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


For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 640806
Broker REF: SUB4013

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