Business For Sale Gold Coast QLD Region, Queensland
Business Category Restaurant Takeaway Food
$299,000 + SAV
Subway Franchise, Gold Coast Christine Corner, Potential 24 Hour Site, 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 major exposure. The business has been relatively unaffected by Covid 19 trading conditions
Due to the high traffic volume in the vicinity, this is a potential 24 hour trading location (tbc).
Business features include:
Lease - Expires June 2023 with 3 x 5 year options
Rent excluding G.S.T. a modest $3,545 per month
Outgoings excluding G.S.T. - $817 per month approx.
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Turnover (Approx.) FY2021 $600,000 (Only 15% 3rd party deliveries)
Generally 7.00am 9.00pm
Staffing Manager + 10 Part-timers (varies)
Owners hour Part time
Reason for selling Retirement
Return to an owner operator is in the vicinity of $150,000 EBITDA (FY2021)
For more information, please contact:
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