Subway Franchise, Brisbane Eastern Suburbs, Multiyear Development Site, Captive Area!

Business For Sale Brisbane, Queensland 4000

Business Category Franchise Business Opportunities Restaurant Takeaway Food

$415,000 + SAV


Subway Franchise, Brisbane Eastern Suburbs, Multiyear Development Site, Captive Area!

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 an extremely popular suburban shopping centre, 20 km from the Brisbane CBD. The centre is a hub for the residents in the region.

Approval has been granted to proceed with a massive redevelopment, which will take years to complete. This means mobs of hungry tradies literally at your doorstep!

Business features include:

Lease - Expires late 2024 (Centre does not grant options)

Business size - 74m2 + some alfresco

Rent excluding G.S.T. - $5,361 per month

Outgoings excluding G.S.T. - $576 approx

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel The store may be relocated within the complex during the redevelopment of the centre. Choice of new location negotiable with landlord or can remain in existing location. Landlord contribution can be expected.

Turnover (Approx.) $727,000 FY2021

SAV approx. $7,000

Trading hours generally 7.30am 9.00pm

Staffing Manager + 12 Sandwich Artists (Varies)

Owner's hours Nil

Reason for selling Retirement

Return to a full-time owner operator is in the vicinity of $165,000 EBITDA

The price has already been discounted by $100,000 to allow for a remodel

Bank finance of up to 60% could be possible to approved applicants

For more information, please contact:

Reg Butler

Contact Seller
Reg Butler

Bsale ID: 555521
Broker REF: RB593a

Business Brokers Network Australia
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