Subway Franchise, Brisbane Near Cbd, Potential 24 Hour Site, Low 3rd Party Deliveries, Remodelled

Business For Sale Brisbane, Queensland 4000

Business Category Franchise Business Opportunities Restaurant Takeaway Food

$525,000 + SAV

Description

Subway Franchise, Brisbane Near Cbd, Potential 24 Hour Site, Low 3rd Party Deliveries, Remodelled

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 small shopping centre with a major tenant. The business has been relatively unaffected by Covid 19 trading conditions

Due to the high street exposure, and the surrounding residential population and transit points, this is a potential 24 hour trading location.


Business features include:

Lease - Expires December 2021 with a 5 year option

Rent excluding G.S.T. - $5,000 per month

Outgoings excluding G.S.T. - $200 per month approx.

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

Turnover (Approx.) FY2021 $793,000 (Only 5% 3rd party deliveries)

Trading hours
Generally 7.00am 9.00pm

Staffing Manager + 8 Part-timers (varies)

Owners hour - Nil

Reason for selling Semi Retirement

Return to an owner operator is in the vicinity of $170,000 EBITDA (FY2021)

For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 563593
Broker REF: RB624

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