Subway Franchise, Gold Coast Central Area, Nice Rural Setting, Low Rent, Suit Owner / Operator!

Business For Sale Burleigh Heads, Queensland 4220

Business Category Other Retail Restaurant Takeaway Food

$149,000 + SAV

Description

Subway Franchise, Gold Coast Central Area, Nice Rural Setting, Low Rent, Suit 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 small regional shopping centre, pivotal to the area.


Business features include:

Lease - Expires March 2026

Rent excluding G.S.T. - $2,292 per month

Outgoings excluding G.S.T. - $225 per month

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 due mid 2022

Turnover (Approx.) $7,000 per week

Trading hours range daily 8.00am 6.00pm (possible to increase for breakfast and dinner trade)

Staffing Manager + 6 casuals (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling Downsizing / Relocating

Return to an owner operator is in the vicinity of $90,000 EBITDA (based on a $7,000 per week sales level, with benchmarks achieved)

Price is $149,000 + SAV (as is)
Or $199,000 + SAV (fully remodelled)


For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX



N.B. This business is not suitable to be run under management.

N.B. This business is not suitable for visa purposes




(Photo is symbolic)
Contact Seller
Reg Butler

Bsale ID: 548471
Broker REF: RB620

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